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Mitsubishi JI project stalled by Bulgaria’s national allocation plan

By Emily Blewett ( August 29, 2008, 09:50 GMT | Insight) -- Mitsubishi’s application for a wind farm project in Bulgaria to be registered under the UN’s Joint Implementation scheme has been held up because Sofia is appealing the European Commission’s decision on its National Allocation Plan (NAP). Interested parties will also have to wait for credits under the JI scheme until the NAP issue has been resolved. Investments in Emission Reduction Units (ERUs) in Bulgarian projects thus carry some risk, according to an expert at the UN body.>Mitsubishi’s application for a wind farm project in Bulgaria to be registered under the UN’s Joint Implementation scheme has been held up because Sofia has yet to submit a revised national allocation plan and is appealing the European Commission’s decision on its initial version....

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