8.5 C
March 28, 2023

Emission certificates may be sold for way less than initial estimates

The Ministry of Economy, Commerce and the Business Environment (MECMA) plans to simplify the legislation regulating the trading of surplus carbon emission certificates, officially referred to as EU emission allowances (EUA), by which they hope to obtain EUR 1.2 bln, approximately two times less than the amount estimated by the institution last year, Mediafax reports.

The main modification they propose is a provision by which the Government will be able to entrust a “specialized agent” with the selling of carbon emission certificates, an agent who will identify potential buyers and conduct the transaction on behalf of the Executive.

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