The Kyoto Protocol committee has decided to suspend Romania from trading green certificates, after it noted breaches in the national inventory of carbon emissions, and the decision will apply until the county meets all requirements, the Environment Ministry said Sunday.
Termica SA manager Silviu Gemanari said the suspension does not affect the contract.
Gemanari told MEDIAFAX Tuesday that he guaranteed the purchase of 29,300 tons of coal with 197,000 green certificates, worth some 12 million lei (EUR2.84 million).
The certificates were filed as guarantee by trader Vitol, and they will be bought back in February 2012, once the company pays for the coal.
Termica Suceava sold green certificates worth EUR1.63 million in May, to trader Vitol, following a transaction unfolded on the Bucharest Commodities Exchange. (EUR1=RON4.2219)