CEO REPORT: COLLUSION BETWEEN EU ENTERPRISE DG AND CORPORATE LOBBIES TO WEAKEN ETS OFFSET LAW

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27 april 2011

[4C note: The Corporate Europe Observatory report, which reveals the details of corporate lobbying and the revolving door between the EU's Enterprise Directorate General and the business lobbies, can be downloaded via a link on the CEO website page.]

Laughing all the way to the (carbon offset) bank: collusion between DG Enterprise and business lobbyists, CEO website 12 April 2011

Plans to exclude some offsetting projects from the EU's Emissions Trading System, due to be formally approved this month, have been watered down following lobbying by big business. Corporate Europe Observatory has obtained documents which show that BusinessEurope, the International Emissions Trading Association (representing carbon traders), the chemical lobby group CEFIC and some big companies such as Enel, lobbied DG Enterprise to sabotage DG Clima's proposals. The business groups found an ally in DG Enterprise. The ban will prohibit industrial gas offsets, which currently account for more than half of the available credits and are bought by European polluters as an alternative to cutting pollution at home.


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