EU formalises double carbon counting rules

Commission adopts rules ensuring Kyoto flex-mex credits not sold twice in emission scheme

The EU has adopted new rules outlining how member states should comply with a ban on double-counting of greenhouse gas reduction credits in the bloc’s emission trading scheme (ETS).  A legislative decision adopted by the European commission on Monday following approval from governments sets out requirements ensuring reductions achieved by applying the Kyoto protocol flexible mechanisms in EU countries are not sold into the scheme twice.  In their national allocation plans member states must cancel enough allowances to cover all flex-mex credits generated at existing and planned ETS installations.  See decision C(2006)5362.

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