UK claims offsets could slash costs of 2030 carbon target

The EU could significantly lower the costs of meeting future climate targets by allowing international offsets to meet up to a fifth of the ambition

The costs to the EU of meeting a 50% greenhouse gas reduction target for 2030 could be significantly reduced by allowing use of international offsets, according to a DECC policy paper.

Costs would be 32% lower than expected if offsets were allowed to contribute 5 percentage points of the target rather than member states having to act domestically, the paper claims.

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