Environmental leader: The Kyoto Protocol`s emissions offset market is oversupplied by 13 billion metric tons of carbon dioxide, more than 1,000 times greater than the anticipated demand of 11.5 million mt, according to analysis by Thomson Reuters Point Carbon. The surplus in the first Kyoto commitment period (2008-2012) could compound in the second phase, which kicks off next year, leading to a glut as large as 16.2 gigatons and threatening the global carbon market over the long term. If Australia and New Zealand do...
URL: http://www.environmentalleader.com/2012/09/18/glut-of-offsets-threatens-global-carbon-market/
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