NGOs demand Doha cancellation of carbon credit surplus

BusinessGreen: More than 150 NGOs from across the globe have called on environment ministers and diplomats at the Doha Climate Summit to cancel surplus carbon credits that are blamed for undermining international efforts to cut emissions. Estimates put the glut of Assigned Amount Unit (AAU) credits countries use to meet their carbon goals at more than 13 billion, equivalent to 13 gigatonnes (Gt) of CO2, primarily caused by a drop in production during the global economic slowdown. The concern is that this...

URL: http://www.businessgreen.com/bg/news/2228313/ngos-demand-doha-cancellation-of-carbon-credit-surplus?WT.rss_f=Home&WT.rss_a=NGOs+demand+Doha+cancellation+of+carbon+credit+surplus