| ArcelorMittal (MT) and Lafarge SA (LG), the world’s biggest steel and cement makers respectively, used the most United Nations offsets to cover carbon-dioxide emissions last year, according to data on the European Commission website.
Factories and power stations used 254.6 million offsets in the bloc’s cap-and-trade program, the data show. ArcelorMittal handed in about 29.3 million credits, enough to cover 78 percent of its emissions last year, while Lafarge used 11 million, or 64 percent of its pollution. Offsets may be used to cut compliance costs with Europe’s carbon trading system..............................................Full Article: Source
|