Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

14 Jun 2010 02:06:14

Companies 'abusing CER scheme'



Companies 'abusing CER scheme'
Companies are abusing measures put in place by the Kyoto Protocol in order to gain more carbon offsets, a new report suggests.

Reuters reported on the findings of the research by CDM (Clean Development Mechanism) Watch which suggested that larger firms are artificially inflating their emissions to take advantage of measures that allow them to invest in carbon cutting measures and receive offsets from their own emissions.

The report said that two plants which are producing a gas called hydrofluorocarbon-23 (HFC-23) have claimed to be producing the exact level of emissions which they can acquire Certified Emissions Reductions (CERs) for.

CDM Watch director Eva Filzmoser was quoted as saying: "It's completely unacceptable for the UN to keep issuing an inflated number of bogus credits that create vast profits for carbon trading groups and chemical companies."

HFC-23 was said to trap more heat and be cheaper to destroy than carbon, which is why they account for more than half of the CERs issued.

Some 37 industrialised nations and the European community are covered by the Kyoto Protocol, all of which have pledged to cut their carbon emissions by various levels - averaging at five per cent – on 1990 levels between 2008 and 2012. ADNFCR-1235-ID-19834997-ADNFCR


Discussion Thread  

 


The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. Renewable energy specialist ENER-G has welcomed the government's u-turn on financial support for...

    15 Oct 2012
  2. Companies in the East Midlands are invited to attend a free Continuing Professional/Personal...

    23 Jan 2012
  3. Energy Solutions is the UK's fastest growing and must attend energy management event. Visiting...

  4. The UK is leading the way in adoption of low carbon IT practices, according to the Fujitsu Green...

    08 Sep 2010
  5. We pride ourselves in providing a bespoke design, supply and installation...




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.