Companies only converted 0.5 million international offset credits for compliance under the EU’s carbon trading scheme in the past six months, figures published by the European Commission showed on Friday.
The low number of Kyoto Protocol credits exchanged for EU allowances since last spring “is not a surprise”, considering that operators tend to make their exchange just before the April compliance deadline under the EU emissions trading scheme (ETS), according to Hæge Fjellheim, manager of EU Carbon Analysis at Point Carbon.
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