Policy status:In Force
Date Effective:2001
Policy Type:Economic Instruments>Market-based instruments
Policy Target:
Description:In December 2001 Norway and Romania signed a bilateral Climate Change Agreement on project co-operation for reduction of GHGs. This is the first bilateral Joint Implementation project under the Kyoto Protocol in which Norway is taking part, allowing for transfer of credits. The Emission Reduction Units (ERUs) that Norway will receive as payment for the investment can be used to fulfil the Norwegian Kyoto commitment. In Romania the project will contribute to reduce local air pollution and to improvements in the heating systems in the city of Fagaras, in addition to reducing emissions of GHGs.

Last modified: Wed, 29 Aug 2012 14:24:00 CEST