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EU Lawmakers Recommend Greater Offset Use

EU lawmakers have proposed that industries should be permitted to use carbon offsets to meet 25 per cent of the emission cuts that they are required to make under the European Union’s caps from 2013 to 2020. If the proposals of the EU parliament industry committee are accepted, that would make way for greater use of offsets than what was proposed by the Executive Commission in January.
EU Lawmakers Recommend Greater Offset Use

The lawmakers want to permit industries to be able to offset a fourth of the greenhouse gas reductions they need to make compared to 2008-2012, irrespective of whether an agreement is reached to extend/replace the Kyoto Protocol.

If the proposals go through, that would translate into lower costs for the EU industries to meet their emission targets and also give a boost to the growing carbon market.

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