EU Ban on UN Carbon May Flag End of Offset Market, Nomisma Says
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A proposed European Union ban on the use of United Nations carbon credits in its emissions market may signal the end of the international offset market, according to energy consultant Nomisma Energia srl.
The European Commission today set out emissions targets for 2030 that only allow the import of carbon credits if an ambitious global climate deal is agreed in Paris next year, the EU’s executive arm said on its website. The commission wants to cut emissions 40 percent from 1990 levels by 2030.