1970•Bulletin of University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca AgricultureOpen access

Environmental Protection: Issues and Policy Perspective on the Green Investment Scheme under Kyoto Protocol Regulations in Romania

Gabriela A. Popoviciu

Abstract

The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions (GHG) targets and timetables for Annex I countries. It incorporates emissions trading (ET), joint implementation (JI) and the clean development mechanism (CDM). From this perspective, this paper follows three aspects: (1) the global carbon trading market based on the principles of the Clean Development Mechanism (CDM) and the Kyoto Protocol, with special reference to Romania; (2) in the same time, the paper estimates the potential for Romania of the green investment scheme (GIS) under this Protocol. (3) Finally, the paper presents the National Framework Policy on CDM and GIS in Romania.

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Key concepts: Kyoto Protocol, Clean Development Mechanism, Joint Implementation, Emissions trading, Greenhouse gas, Investment (military), Protocol (science), Carbon offset