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73% of 2011 ETS from offshore

posted Aug 7, 2012, 4:45 AM by ema-1 ema-1   [ updated Aug 7, 2012, 4:54 PM ]
"international prices fell to as low as $8 a tonne by the last year, and have been even lower during 2012, as a glut of European carbon credits floods the fledgling global market. As a result, some 73% of all units surrendered in 2011 came from offshore sources and the 2.1 million forestry-based New Zealand Units surrendered for the 12 month period was less than half the 5.3 million units surrendered in 2010, when the scheme had only run for six months"

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