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Workshop on improving the legal and institutional framework, in order to streamline the utilization of the revenues obtained from the European Trade Scheme of GHG allowances.

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The workshop organized on September 28, 2015 focused on improving the legal and institutional framework, in order to streamline the utilization of the revenues obtained from the European Trade Scheme of GHG allowances.

The conclusions which resulted during the workshop underlined the need to develop a legal framework that will represent the basis for close collaboration at institutional level, so that the revenues obtained from auctioning the GHG allowances would be allocated to projects which are relevant from the climate perspective, projects which should be selected based on certain well established evaluation criteria. The requirements (regarding the present legal framework) formulated by the experts present during the working meeting shall be analyzed by the team of consultants of the World Bank, so that they would include certain adequate answers in the report developed for the OPERA-CLIMA project component which envisages the development of a methodology on identifying the opportunities of trading carbon.

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