Russia a Big CO2 Offsetter

By The Moscow Times

Oct. 31, 2011

Russia may overtake Brazil to become the world's third-biggest supplier of credits from projects that reduce greenhouse-gas emissions, with the new supply of offsets expected to weigh on prices, CDC Climat Research said.

The country may issue 142 million credits for 2008-12 under the UN's Kyoto Protocol, according to CDC, a climate-protection unit of Caisse des Depots et Consignations, the French state-owned bank.

"This increase in ERU supply will likely put additional pressure on the price for Kyoto credits, as the largest carbon market, the EU Emissions Trading System, is already suffering from oversupply of allowances," CDC said on its web site.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue