“Questionable” CERs add to post-2012 uncertainty
Carbon experts warn that HFC-based carbon offset credits could lose value in third phase of EU ETS
According to recently leaked European Commission papers, the value of Certified Emission Reduction (CER) credits produced from hydrofluorocarbon-23 (HFC-23) gas reduction projects is in jeopardy and could lead to a two-tier CER market, say experts.
It is thought that the high profitability of HFC-23 projects creates an incentive to produce the gas just to destroy it and receive credits. Preventing the emission of one tonne of HFC-23 gas into the atmosphere is equivalent to reducing 11,500 tonnes
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