LONDON, March 18 (Reuters) - The European Commission has agreed to amend i
ts carbon registry rules to prevent recycled Kyoto carbon offsets from appearing on the EU's Emissions Trading Scheme, it said on Thursday.
The Commission said in a statement that it will suspend the process for surrendering certified emissions reductions and emissions reduction units from March 19 until the new rules are applied after August, except for the period April 19 to May 1.
'This allows for an appropriate time period for the surrender of allowances or credits by operators for compliance with 2009 emissions by the 30 April 2010 deadline, while protecting the integrity of the European carbon markets,' the commission said.
The move follows concerns after reused CERs appeared on the French spot exchange BlueNext this week.
(Reporting by Nina Chestney; Editing by James Jukwey) Keywords: EU EMISSIONS/TRADING
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.