Enel Says EU Should Limit Scope, Delay CO2-Offset Ban
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The European Union regulator should limit the scope and delay the start of a planned ban on carbon offsets in its emissions-trading system to avoid market distortions, according to Enel SpA, Italy’s biggest utility.
The European Commission, the 27-nation bloc’s regulatory arm, is considering a ban as of 2013 on the use of United Nations-sponsored credits related to industrial gases including hydrofluorocarbons and nitrous oxide. The EU wants to present its proposal to member states “as soon as possible,” Climate Commissioner Connie Hedegaard said today.