EU cans plans to limit ‘hot air’ credits
2 Nov 2012

EU environment ministers have abandoned plans to limit excess supply of Kyoto-era carbon credits on the world’s markets after seven eastern European states backed Poland’s opposition to the measure.
The Environment Council had been intended to forge a common EU position on Assigned Amount Unit carbon credits (AAUs) – disparagingly dubbed ‘hot air’ credits – before the UN climate summit in Doha next month.
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