In continuing to allow the use of Certified Emission Reductions (CER) und Emission Reduction Units (ERU) from the project-based Kyoto mechanisms after 2012, Dr. Sascha Lafeld, Managing Director of 3C Holding AG, sees a positive signal to the market. A cause for concern, however, is the dependence on a post-Kyoto agreement for the use of CERs and ERUs as well as the limitation of project-based certificates to the quota from the 2008-2012 trading period, as long as no international agreement has been reached. “These restrictions significantly endanger numerous potential climate protection projects which might not be carried out until the post-Kyoto question has been finally settled.” As a result, part of the emission reduction potential might not be tapped. In addition, the regulations could limit the newly emerging market for post-Kyoto certificates due to the uncertainty about the EU quota for such certificates after 2012. The commission wants to increase the quota for CERs and ERUs in the European Emissions Trading Scheme only if an international climate protection agreement with binding reduction targets exceeding the EU reduction goal of 20% by 2020 has been reached. “At least the paper allows market participants to do planning within two scenarios- with or without a post-Kyoto agreement,” adds Lafeld.

Stefan Kleeberg, Managing Director of 3C Markets AG, positively evaluates the continuation of the banking option, allowing European emission allowances to be carried over into the next trading period entirely. “Especially the finance industry, which builds upon a stable market, welcomes this regulation,” says Kleeberg. In addition, the standardization of the European allocation regulation is expected to increase market transparency and reliability.

Contact

3C Group – The Carbon Credit Company
Fritz Wilhelm
Head of Corporate Communications
3C Holding AG
Tel.: +49 (0)6101 5 56 58-34
Fax +49 (6101) 5 56 58 – 77
E-Mail: fritz.wilhelm@3c-company.com
www.3c-company.com

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