Romania loses billions of euro for not selling the surplus of CO2 certificates

Romania owns a surplus of 300 millions of CO2 certificates that were of great value three years ago when Romania could have easily obtained 3 billion euro if sold then. Meanwhile, they lost their value and the state could only get 1.2 billion euro. However, the government did not manage to sell the certificates as the necessary legislation was adopted last year only. A year after its adoption, the government realized that the legislation needs to be changed. The excuse of the ...

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