Through a Decision made today, the Government has approved the legal and institutional framework for the initiation and development of green investment schemes, Minister of Economy, Trade and Business Environment , Mr. Adriean Videanu has announced

"The purpose of this legislative act is to effectively capitalize on the surplus of units of the amount assigned through the Kyoto Protocol, the AAUs units, as defined by the Kyoto Protocol," Minister of Economy, Trade and Business Environment has stated. He showed that in 2010, Romania can exploit an available of neraly 300 million AAUs(assigned amount units) in packages of 1 million tonnes.
In this respect, a committee was set up, consisting of representatives of the Ministry of Economy, Trade and Business Environment, Ministry of Environment, Ministry of Finance, Ministry of Foreign Affairs and other authorities, as appropriate, to negotiate on behalf of the Romanian state the exploitation of these units. Negotiations with the Kyoto Protocol signatories, prospective purchasers of surplus assigned amount units, will begin following publication in the Official Gazette of the Government of the Executive Decision on initiation and development of green investment schemes, Minister Adriean Videanu has also stated.
Under the Kyoto Protocol, the sums resulted from the exploitation of the available carbon dioxide emissions will be used for environmental investments and greenfield projects that would replace the units which, at this time, issue carbon dioxide into the atmosphere, Minister Economy, Trade and Business Environment has stated. Also, areas where money from the trading of surplus amount units assigned through the Kyoto Protocol will be used, aim at clean technology, including high-efficient co-generation, modernization and rehabilitation of power units, increased production of renewable energy, improving energy efficiency in buildings, reducing greenhouse gas emissions in agriculture and transport, by encouraging the use of electric and hybrid vehicles, waste management, cutting emissions of greenhouse gas, afforestation of land.
Money obtained from exploiting the available carbon dioxide emissions will be managed through the Environment Fund.