UK “Supports” use of Forestry Credits in EU Emissions Trading Scheme

Climate Forests Investments Jan 1, 2001
Ecosystem Marketplace Staff

According to a recent story published in Bloomberg, the UK, Europe's second biggest emitter of greenhouse gasses, has recently suggested that it backs the idea of allowing Euriopean countries to get CO2 emmissions credits from investment in forest projects in developing countries. Currently an EU law prevents forestry credits from entering into the EU Emissions Trading Scheme. The article quoted Chris Dodwell, the head of the EU emissions-trading unit at the UK's Department for Environment, Food and Rural Affairs (DEFRA) as saying that the UK was "supporting the idea'' of using forests to generate credits that can be used in the EU starting in 2008.