Uncertainty over phase III EU carbon plans a ‘nightmare’

Uncertainty over next phase for EU carbon ‘nightmare’

Emissions trading

Uncertainty surrounding the Clean Development Mechanism (CDM) has left utilities unclear as to whether their investments will pay off in the future. Under the CDM, utilities can invest in emission reduction projects in developing countries and receive Certified Emission Reductions (CERs), which can be counted towards their compliance targets.

"If I was a risk manager, I'd probably be on the verge of a nervous breakdown at the moment," said Andrew Ager, head of carbon & emissions trading at UK

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