Press Release: Climate Campaigners applaud Commission for proposal on offset restrictions
Cancún, Mexico/London, United Kingdom. The European Commission today published its much-anticipated proposal on quality restrictions on the use of offsetting credits from industrial gas projects in the EU Emissions Trading Scheme. The proposal comes in the wake of a series of scandals surrounding fake CDM offset credits. Climate campaigners have welcomed it as a first step towards ensuring that the EU ETS does not turn into a refuse dump for poor quality offset credits which lead to an increase in global greenhouse gas emissions.