International offset use rises in 2010

Official data show a large rise in the use of international offset credits for compliance in the EU emissions trading scheme, much of it driven by a rush to beat a ban on industrial gas project credits

Large greenhouse gas emitters are surrendering record levels of international offset credits to cover their emissions under the EU emissions trading scheme (EU ETS), according to the latest compliance data released by the European Commission on 2 May.  

The data reveal that EU installations covered by the scheme used international offsets recognised under the Kyoto Protocol to cover the equivalent of 137 million tonnes of carbon dioxide emissions in 2010 – an increase of 67% compared with 2009.

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