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Carbon Offsets Come Into Focus as Part of EU Green Overhaul

  • EU could create voluntary carbon market, climate experts say
  • Solid market oversight is needed for offsets to gain trust
Aerial Pollution Research in French Capital City Center
Photographer: Nathan Laine/Bloomberg
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Europe could create a new carbon emissions-cutting market to attract billions of euros of investment and help set green standards globally, according to a group of climate policy experts.

They suggest that the European Union could gradually open up voluntary carbon offsets -- tradeable credits generated for cuts in greenhouse gases that companies can use to justify their green claims.