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Carbon offsets tumble as EU said to eye Russian credits ban

Posted on 22 October 2012

United Nations carbon offset contracts slumped to records after the European Union proposed to ban from its market certain credits issued from next year by countries that fail to adopt new carbon goals.
The European Commission, the EU’s regulatory arm, proposed draft rules for the use of UN-sponsored Emission Reduction offsets as of 2013 in a modified draft amendment to the bloc’s carbon registry regulation at a meeting of officials from national governments on Oct. 17, according to two people with knowledge of the matter, who declined to be identified because the gathering was private………………………………………..Full Article: Source


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