Yesterday, 4 December 2008, the EU held a press conference, during which Reuters asked the question: “Will forest offsets be used within EU ETS? And what is EU’s view on avoided deforestation?” Here are the responses from Brice Lalonde from the French delegation and Jurgen Lefevre from the European Commission.
On the eve of the Poznan UNFCCC Conference of Parties, even pro-market and cautious expert groups are starting to sound alarm bells about the possible impacts of cheap ‘offsets’ on existing carbon markets.
The European Commission will tomorrow state that it is opposed to the inclusion of forest-based carbon credits in the ETS, in a wide-ranging Communication on deforestation and how the European community plans to deal with it. The Communication will say that the aim should be to reduce deforestation by 2020 and halt it by 2030.