Through the document, the Government authorizes the Public Finance Ministry to implement the greenhouse gas certificate trading scheme pending the creation of a national authority on climate change.
The Kyoto Protocol committee has decided in August to suspend Romania from trading green certificates, after it noted breaches in the national inventory of carbon emissions. The decision applies until the county meets all requirements, the Environment Ministry said at the time.
More to the point, Romania failed to establish the institution responsible for the sale of green certificates.
Environment minister Laszlo Borbely said early October that he hopes Romania will come out of this suspension by the end of March 2012.
Should Romania fail to mend the deficiencies, it might face “pre-infringement” procedures, according to the explanatory note of the draft normative act.