Romania to launch carbon trading

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Romania to launch carbon trading

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.

Article © AFP, For full article click here

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