EU member states are planning to make such widespread use of carbon-reduction projects in the developing world that they could abandon cutting emissions at home, according to research.
Brief News:
Analysis of carbon-allocation plans submitted for the second phase of the EU CO2 trading scheme (2008-2012) shows that EU countries are planning to make excessive use of carbon-reduction projects in the developing world, the WWF warned on 5 October.
"Some of the worst offenders are Ireland, Spain and Poland who plan to permit many more credits than are needed to meet their overall emissions targets," said the WWF which commissioned the research to consulting firm Ecofys.
According to rules agreed by EU governments under the Kyoto Protocol on global warming, at least 50% of CO2 cuts must take place at home.
See full Press Release.
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