Offsetting by European companies grew by a staggering 85% last year, according to new research by the environmental campaign group Sandbag. The companies policed by the EU’s Emissions Trading Scheme (ETS) submitted a total of 254 million credits to offset 13% of their carbon emissions. But Sandbag observes that the vast majority of these offset credits were due to be banned from the scheme in 2013.
Massive surge in offsetting as European companies rush to use banned credits
by Rob Elsworth | Nov 19, 2012 | Press releases