Spain urged to focus on domestic climate action

Reliance on foreign carbon credits to meet targets "costly and ineffective", think-tank report says

Spain could meet its greenhouse gas reduction targets more quickly and cheaply by tackling its own transport and industrial emissions directly and reducing its current reliance on buying foreign carbon credits (EED 13/02/07), according to a report issued last week by the waste industry-backed ISR think-tank.

The "@O2" report proposes 23 measures, including a carbon tax on energy-intensive industries and wider emissions trading.  This would still "not ensure compliance with Spain’s international obligations" but would cut compliance costs by €6.3bn between now and 2020, ISR claims.

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