AFP has reported that the Romanian government on Wednesday gave its go ahead to a carbon trading scheme to cut greenhouse gas emissions, hoping to earn up to 2.5 billion euros (3.3 billion dollars) until 2012.

Romania can trade about 300 million credits, divided into one-million-ton packages," economy minister Adriean Videanu said during a press conference.

The money is set to go to environmental projects, including the closure of polluting companies and investments in renewable energy production.

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Cool asphalt could cut carbon emissions and speed-up road works

The UK is set to slash the carbon emissions of road works and cut traffic delays following the announcement today by the Carbon Trust of pilot projects to develop the market for low temperature asphalt.

Companies including Tarmac Limited, United Asphalt and Aggregate Industries have partnered with the Carbon Trust to invest in projects that could cut energy bills and wipe a combined 339,000 tonnes of carbon off the asphalt industry’s annual footprint by 2020, equivalent to 39% of current emissions.

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It is not the first and it will not be the last time a multinational company publicly declares its green intentions, Nestle Waters France has announced plans to offset the equivalent of all the annual carbon emissions from its Vittel mineral water production in France and Belgium - approximately 115,000 tonnes of carbon a year.

Half the carbon dioxide released into the atmosphere by the burning of fossil fuels is actually winding up the oceans, says new research published in the journal Science. And that's threatening the health of the oceans and the diverse organisms living there, say researchers.

This research presents a new twist in the argument over global warming and the burning of fossil fuels. Traditionally, governments and industry have only argued over air quality, but now we're learning that oceans, too, are heavily impacted by the release of carbon dioxide.