THE ROMANIA'S POSITION REGARDING THE COMMITMENTS OF GHG EMISSIONS REDUCTION

Georgiana Chiţiga
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Georgiana Chiţiga: “Victor Slăvescu” Center of Financial and Monetary Research, Romanian Academy

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 248-253

Abstract: Romania's Position of member in the EU It includes not only rights and opportunities, but also responsibilities - participation in the EU Emission Trading Scheme (EU ETS) of greenhouse gases; the analysis expands upon the three flexible mechanisms the Kyoto Protocol, they have been implemented in order to support and to fulfill of the Commitments of GHG Emissions Reduction. The long term trend is to have an international carbon market where all the systems and the mechanisms of CO2 emissions trading, they might unite and they might interconnect. Although initially, the Romanian's operators have encountered o lot of difficulties, using the mechanisms created to the Kyoto Protocol, they have overcome these issues and they have acquired the capacity to respond quickly to market developments.

Keywords: low CO2 emissions; mechanisms; ETS market (search for similar items in EconPapers)
JEL-codes: Q53 Q58 (search for similar items in EconPapers)
Date: 2015
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