IHS Chemical Week

EnviroTech :: Regulatory

Chemical Industry Helps EU Reduce Emissions

11:54 AM MDT | July 1, 2008 | Chemical Week Editorial Staff

European Union (EU) greenhouse gas emissions decreased 0.3%, or by 14 million m.t. of carbon dioxide (CO2) equivalent, in 2006 compared with the previous year, to 5.1 billion m.t., the European Commission says. The reduction was mainly due to emission cuts of nitrous oxide from chemical plants, which accounted for a 12-million m.t. CO2 reduction. Separately, the Carbon Ratings Agency (London), a rating service for carbon-reduction projects, began operations last week. The agency will award scores like the standard credit rating agencies, ranging from AAA for the...

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