The carbon credits are valued at EUR88 million and the proceeds will be used to finance investment in low-polluting equipment.
As a signatory to the Kyoto Protocol, Romania is assigned a certain number of carbon credits per year. One carbon credit represents one metric ton of greenhouse gas emissions.
Romania has received 71.4 million carbon credits for the 2013-2020 period, which are valued at EUR352 million.
The list of local beneficiaries of carbon credits in 2014 includes OMV Petrom, Romgaz, ELCEN Bucharest, Dalkia, CE Oltenia, CE Hundeoara, Vest Energo, Energy Cogeneration Group, Colterm, Enet, Termica Suceava, etc.