Europe to Ban Carbon Credits Based on the Destruction of HFC-23 and N2O

European Union (EU) member states have voted to ban from the EU's Emissions Trading Scheme (ETS) carbon credits gained by destroying the greenhouse gases hydrofluorocarbon-23 (HFC-23) and nitrous oxide (N2O). The ban will come into force in April 2013 if it receives approval from the European Parliament. European climate commissioner Connie Hedegaard submitted a proposal last November to ban carbon credits related to HFC-23 and N2O. Destroying HFC-23 and N2O, both byproducts of processes to manufacture other chemicals, to gain carbon credits does not represent...

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