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Brussels pitches ban on Kyoto-era credits

Posted on 24 October 2012

The European Commission has proposed an Emissions Trading System (ETS) ban on €440 million of Kyoto-era carbon credits from non-EU countries such as Russia, which have not signed up to a second Kyoto commitment period.
The document, which EurActiv has seen, says Emission Reduction Unit credits, or ERUs, “issued from 1st January 2013 in respect of projects in host Parties without new quantified emissions targets in place shall not be held in accounts in the Union registry.”……………………………………….Full Article: Source


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