EU Should Choose Offsets to Cut Energy Costs, Global Carbon Says
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Europe should consider using CO2 offsets that would also reduce natural gas prices when choosing which credits to allow into its emissions market in the eight years through 2020, said Global Carbon BV.
The European Union market should make room in its third phase, which runs from 2013, for credits under the Joint Implementation mechanism of the 1997 Kyoto Protocol, the second-biggest United Nations offset market, said Lennard de Klerk, managing director of Global Carbon, the Netherlands emissions-reduction developer.