The Romanian Government has approved the decision addressing the manner in which the money obtained from the sale of CO2 emission certificates (AAUs) will be spent. Economy minister Adriean Videanu claims the money will be used to rehabilitate the energy groups, to increase the production of energy using renewable resources and for afforestation. Immediately after the normative act is enforced, Romanian authorities will start negotiating with various states interested in buying the certificates. According to Videanu, AAUs could be sold to Japan and the EU states. Romania could get around two billion euros from the sale of emission certificates.

The Agriculture minister added that around 300 million units could be turned into profit this year. The money will go to the Environment Fund. The money obtained from the selling of additional AAUs make up the financing source for the projects that generate the reduction of glasshouse effect emissions, especially in the energy sector, in order to prepare for the enforcement of the climate change - renewable energy legislative package. The money will be 98% used for green investments and 2% for information campaigns. Both economic operators and state authorities can benefit from it.

The Government's Decision on green investments was approved on Wednesday. The Economy minister told HotNews.ro that AAUs surplus is sold through direct negotiation, based on the state contract of selling AAUs.

The types of projectsthat can be financed by the selling of AAU surplus are:

clean technologies, including the gasification of coal, cogeneration of high efficiency, but it is not restricted to these;the modernisation and rehabilitation of the energetic groups;the increase of energy production using renewable sources;the reduction of glasshouse-effect gases in agriculture;the reduction of glasshouse-eff