EU launches probe into Romanian utility, raising concerns about carbon permit shortfall

Published 15:48 on February 5, 2021  /  Last updated at 12:43 on September 1, 2021  /  EMEA, EU ETS  /  No Comments

The European Commission launched an investigation into Romanian utility CE Oltenia’s restructuring plans on Friday, blocking funding that observers say the company was likely relying on to buy several million carbon allowances over the next two months.

The European Commission launched an investigation into Romanian utility CE Oltenia’s restructuring plans on Friday, blocking funding that observers say the company was likely relying on to buy several million carbon allowances over the next two months.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

Comment