Top EU lawmaker's plan extends overseas carbon credits, raises bar

By Emma Davis ( September 24, 2008, 09:06 GMT | Insight) -- Europe's top lawmaker on the bloc's emissions trading system wants to extend the use of carbon offset credits in the post-2012 EU emissions trading scheme for up to an average of 5 percent of emissions, as long as they meet high standards, according to a document obtained by MLex-e3. Irish Christian Democrat Avril Doyle also proposes a lower starting level for emission allowances auctioning and backs the European Commission’s view that deforestation should be dealt with by auctioning revenues.Europe's top lawmaker on the bloc's emissions trading system wants to extend the use of carbon offset credits in the post-2012 EU emissions trading scheme for up to an average of 5 percent of emissions, as long as they meet high standards, according to a document obtained by MLex-e3....

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Top EU lawmaker's plan extends overseas carbon credits, raises bar

Prepare for tomorrow’s regulatory change, today

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