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EU to Start Debate on Quality Limits, Multipliers on CO2 Offset
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Bloomberg - 2010-05-31
he European Union will soon start a debate on banning some carbon offset credits used for compliance in the bloc's emissions-trading system and introducing tighter quantity limits, a senior EU official said. The European Commission, the EU's regulatory arm, may propose that quality limits should be imposed on certain credits and will launch a discussion on applying a discount known as a multiplier on some types of offsets issued under the United Nations carbon program, said Yvon Slingenberg, emissions-unit head in the commission's climate directorate.

The commission said in an analysis yesterday that projects related to two industrial gases - hydrofluorocarbon-23 and nitrous oxide - create significant windfall profits.
Article Continues: http://www.bloomberg.com/apps/news?sid=ag.vAth3hde8&pid=20601087


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