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EON overtakes Arcelor as biggest UN carbon-offset user in 2012

Posted on 03 May 2013

EON SE, Germany’s biggest power generator, used the most United Nations offsets to cover carbon- dioxide emissions last year, overtaking steelmaker ArcelorMittal (MT), data on the European Commission website show.
Factories and power stations used 500 million offsets in the bloc’s cap-and-trade program, the data show. EON handed in about 35 million credits, enough to cover 43 percent of its emissions last year. RWE AG (RWE), the second-biggest polluter in 2012, used credits covering 22 million tons, or 14 percent of its discharges. Offsets may be used to cut compliance costs within Europe’s carbon-trading system………………………………………..Full Article: Source


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