Reduction of pollution quota endangers economic growth

The European Commission's (EC) decision to reduce by 20 percent the quantity of CO2 emission permits (TEPs) for the period 2008 through 2012 can affect the authorities' forecast as regards the economic growth, following higher energy prices by approximately 10 percent.The fact that Romania is allocated a smaller quantity of CO2 emission permits, by 20.7 percent compared to the quantity Romania requested, will put pressure on the Executive, confronted with some economic pressure, mainly from ...

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