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EU figures show carbon credit glut persists, but offset data withheld

Environmentalists reacted with dismay after new EU figures for 2013 showed that the flagship Emissions Trading System (ETS) was still over-supplied by 2.1 billion carbon allowances and data on carbon offsetting was partially withheld. The ETS is supposed to drive carbon dioxide emissions reductions in Europe and help EU states meet the bloc’s climate targets. But at €5 per tonne of CO2, carbon allowances provide industry with little incentive ...

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