Use Restrictions on International Carbon Credits in the EU ETS - Splitting Up the Carbon Market in Order to Fix It
Article from: OGEL 6 (2011), in Emission Trading
New proposed quality standards for international credits in the EU ETS
On 25 November 2010 the European Commission circulated a draft version of a regulation, which would ban the use of Certified Emission Reductions (CER) and Emission Reduction Units (ERU) from projects involving HFC-23 and N2O from adipic acid production in the European Union Emissions Trading Scheme (EU ETS) as of 1 January 2013. Under the Kyoto Protocol and the international rules adopted thereunder, Clean Development Mechanism (CDM) and Joint Implementation (JI) have brought about the possibility to generate carbon credits (CERs as for CDM and ERUs as for JI) from emission reduction ...