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Industries Hoarding Greenhouse Gas Emission Permits

12 March, 2010 - 16:37
by Juliette Jowit and Tim Webb

Companies across Europe are hoarding permits to produce greenhouse gas emissions worth hundreds of millions of pounds, the Guardian can reveal.

The surplus credits have been amassed from over-allocation of permits to pollute from the European emissions trading scheme, and by buying cheap credits from carbon-cutting projects in developing countries and holding on to their more expensive official EU allowances.

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[Published in NonProfitNews - Read the original article]