Finance

EU ETS undermined as Hungary 'recycles' credits

EU ETS undermined as Hungary 'recycles' credits

The reputation of the EU’s emissions trading scheme (ETS) – and carbon markets more generally – is under threat after it was revealed that the Hungarian government intends to ‘recycle’ already-used carbon credits by reselling them to a Japanese buyer.

Karl-Erik Stromsta

Published: Monday, March 15 2010

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