Carbon Offsets Daily

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  • Published: May 12th, 2011
  • Category: Europe
  • Comments: 2

European Carbon Permits Fall as Slow Economy May Sap Demand

European Union carbon permits fell this week, tracking losses in wider commodity markets after Central Bank President Jean-Claude Trichet signaled slow economic growth.
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Credibility of project-based offsetting in tatters

Over the weekend there was news that a company called SGS was suspended by the United Nations from its role as an auditor of carbon offset projects. SGS had been appointed by the UN to check that offsetting projects were being set up properly and reduced greenhouse gas emissions.

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