Over half a billion CERs at risk of homelessness post-2012
Restrictions to which offset credits will be acceptable after 2012 could leave 530 million credits ‘homeless’, but demand from Japan and NZ may fill the gap finds Katie Holliday
At the end of November the European Commission proposed banning credits produced from HFC-23 gas and nitrous oxide adipic (N2O) projects from acceptance into the EU Emissions Trading Scheme (EU ETS) from January 1, 2013. The controversial projects have been subject to scrutiny this year by the Environmental Investigation Agency (EIA) following incidents of fraud. These credits make up half of the current supply of global Certified Emission Reductions (CERs).
If the proposal is approved by the
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