Carbon Plan Hurts EU Credibility as Regulator, Traders Say
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A plan by the European Commission to prevent emitters from using some Emission Reduction Units issued after the end of this year damages the regulator’s credibility, said a lobby group representing traders.
The proposal does not follow due process and the commission should have proposed a change to the emissions trading system law instead of the carbon registry regulation, Jeff Swartz, Geneva-based international policy director at the International Emissions Trading Association, said today.