Use of Kyoto credits leaps in ETS

Citation

(2011), "Use of Kyoto credits leaps in ETS", International Journal of Climate Change Strategies and Management, Vol. 3 No. 4. https://doi.org/10.1108/ijccsm.2011.41403daa.002

Use of Kyoto credits leaps in ETS

Article Type: News From: International Journal of Climate Change Strategies and Management, Volume 3, Issue 4

Participants in the EU emissions trading scheme (ETS) used 68 percent more international carbon credits for compliance in 2010 than in the previous year, according to data released by the European Commission. Carbon market analyst Point Carbon attributed the volume of UN-generated credits surrendered by participants last year, the largest since the ETS began, to a forthcoming EU ban on credits from some industrial processes.

Operators seem to have been eager to offload credits from these projects before the ban enters force in May 2013. The figures available show 117 million of the credits surrendered by ETS participants to cover their 2010 emissions were CERs from clean development mechanism projects and 20 million were ERUs from joint implementation projects. Together they cover 7.1 percent of ETS emissions in 2010. German installations used the largest volume of international credits, surrendering 37.6 million, according to Point Carbon. They were followed by installations in Poland and Spain. The power and heat sector together accounted for 61 percent of the credits, followed by the cement, lime and glass sector. Further details can be seen at: http://ec.europa.eu/clima/news/articles/news_2011050201_en.htm