EU Regulation 550/2011 published 8 June
8 June
Carbon trading - EU
EU Regulation 550/2011 restricts the use of international credits from projects involving industrial gases under Directive 2003/87/EC – the EU emissions trading scheme (ETS) Directive. The inclusion of industrial gas projects in the Kyoto Protocol offsetting arrangements – the joint implementation and clean development mechanism – and its use by organisations covered by the ETS has raised environmental concerns, particularly the high rates of return from the destruction of HFC-23, which stimulates the continued production and use of chlorodifluoromethane (HCFC-22), a potent ozone-depleting and greenhouse-gas substance.
