This is bad:

The CDM “provides member states with a cost-effective means to meet their obligations and is an important flexibility mechanism,” says a UK ‘non-paper’ leaked to the press on 17 September.

Downing Street suggests expanding the scheme to allow EU countries to offset up to 50% of their CO2 emissions reduction obligations – 20% more the current approximate limit of 30% – on the grounds that this would not undermine climate change efforts at EU or global level.

(for Phase 3)


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