Bulgaria wants negotiations over its CO2 emissions


Bulgaria wants to renegotiate its 2008-2012 carbon dioxide emissions quota set by the European Commission and may challenge it in court, Environment Minister Dzhevdet Chakarov said Wednesday.

„Bulgaria is seriously harmed by the European Commission’s decision and will take every step possible to have it revised. If that doesn’t happen, we will launch legal proceedings,” Chakarov said. The minister met with members of the Bulgarian Industrial Association on Wednesday to discuss the effects of the reduced carbon dioxide emissions quota, which the EU wants to slash by 34.4% to 42.3 million tons between 2008 and 2012.

Businesses agreed that slashing the quota would have negative economic effects and could lead to factory closures. Chakarov said Bulgaria would argue that Brussels had failed to take into account its need to produce more electricity from coal-fired power plants after the closure of two units at its nuclear power plant in Kozloduy last year. But a spokeswoman for Stavros Dimas, the EU’s environment commissioner, told Bulgarian radio that the carbon dioxide emissions quotas could not be renegotiated.

„These plans are binding by law and unless there is a mathematical error in the calculation, the Commission cannot and will not go back on its decision,” Barbara Helfferich said. Slovakia and the Czech Republic have already launched lawsuits against their carbon dioxide emissions quotas and Hungary and Poland are similarly preparing to challenge theirs. (international.ibox)

Farmgate Prices Fall 25.4% in February Crops

Farmgate Prices Fall 25.4% in February

Cabinet Approves Farmer Support Measures Government

Cabinet Approves Farmer Support Measures

Szeged Muni Council Clears Road to Service BYD Plant Automotive

Szeged Muni Council Clears Road to Service BYD Plant

Chresten Bruun Wins Expat CEO of the Year Award Awards

Chresten Bruun Wins Expat CEO of the Year Award


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.