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EU ruled out 2030 offsets due to carbon market drought

2014-03-15 16:49:00| Climate Ark Climate Change & Global Warming Newsfeed

EurActiv: The EU had little choice in proposing not to outsource more of its emission cuts abroad to meet a proposed 40% reduction in greenhouse gas output by 2030 because the slow pace of global talks to develop new carbon markets gave it nothing to buy, a senior EU official said. The European Commission in January proposed meeting the target entirely from CO2 cuts made within Europe, unless a global climate change agreement required it to deepen the goal. Jürgen Lefevere, a senior official at...

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