| The European Commission on Friday gave approval for companies in 17 EU member states to exchange United Nations-backed offsets for EU Allowances under the bloc’s carbon market.
The move will allow participants in the EU's Emissions Trading System (ETS) to use cheaper Certified Emissions Reductions (CERs) or Emissions Reduction Units (ERUs) to meet emissions targets ahead of an April 30 compliance deadline. Governments had been required to outline exactly how many offsets each power plant, factory and airline covered by the ETS is allowed to use between 2013 and 2020...............................................Full Article: Source
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