Eastern Europe rushes to sell surplus Kyoto carbon rights-Romania, Bulgaria may have to cut prices

Time is running out for Romania and Bulgaria, the European Union’s poorest nations, to earn much needed cash in tough times and make their economies greener by selling surplus emissions rights under the Kyoto Protocol.

The Balkan neighbours, along with other former communist east European countries, are comfortably below their carbon emissions targets set by the Kyoto climate pact, and can sell the excess to other industrialised countries having trouble meeting their own targets.

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Posted on May 4, 2010 · in Europe

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