EU Should Consider Carbon Offset Limits for 2013, Groups Say
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The European Union should consider controlling the use of some Emission Reduction Units in the third phase of its carbon market, the world’s largest, said research groups including the Stockholm Environment Institute.
ERUs stem from the Joint Implementation mechanism of the 1997 Kyoto Protocol and some are governed by nations with weaker rules than those overseen by the United Nations, the groups said in a report published Dec. 16 on the EU’s website. Phase three of the EU market begins in 2013.