For allocation of allowances for greenhouse gas emissions trading for participation of bulgaria in the european greenhouse gas emission

1. Calculation of the total amount of allowances for allocation

1. Bulgaria’s commitment under the Kyoto Protocol

1.1. What is the commitment of the member Party to the Kyoto Protocol to reduce the emissions of greenhouse gases?

Bulgaria is committed to an 8% reduction of GHG emissions during the period 2008-2012 referenced to the base year of 1988 (as a country with economy in transition, Art.3.6 of the KP). The base year emissions according to the Report of the UNFCCC Secretariat on the Bulgaria’s Initial Review Report amount to 132,618,658 Mg СО₂ equivalent, and the assigned amount units (AAU) total up to 610,045,827 Mg CO₂ eq.

The calculations of the GHG emissions as to the revision date of the Plan for Bulgaria for jear 2007 amount to 75,793 Gg СО₂ equivalent according to the inventory for 2007, submitted to UN in 2009.

2.