Ad
Critics say the offset credits incentivise some Asian companies to create powerful greenhouse gases so they can then be destroyed (Photo: Notat)

States ban certain offset credits from EU's emission trading system

EU member states have elected to ban the use of certain emission offset credits from the bloc's emissions trading system (ETS), currently embroiled in a separate controversy over cyber-theft.

The vote on Friday (21 January) means that companies will be prevented from using the emission offsets - generated through projects that destroy certain powerful greenhouse gases linked to the refrigeration industry - from 1 May 2013.

EU climate commissioner Connie Hedegaard, who proposed t...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Critics say the offset credits incentivise some Asian companies to create powerful greenhouse gases so they can then be destroyed (Photo: Notat)

Tags

Ad
Ad
Ad