EU states want clarity on hydro carbon credits

UK, Italy and Sweden call on European commission to set out guidelines for eligible projects

The UK, Italy and Sweden have called for European commission guidance on the validity in the EU carbon trading scheme of credits generated by investment in large hydropower projects abroad. Market analyst Point Carbon reports that they want more clarity on which investments will be eligible for permits. Existing EU law says only that projects should comply with recommendations from the World commission on dams (EED 16/11/04). "We are looking for clearer [EU] rules…so we can make decisions that don’t overregulate or underregulate," a British official said. See Point Carbon article (subscription required).

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