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There were some difficulties with Phase 1. Are these likely to be repeated?

No. The price of Phase 1 EUAs dropped when analysts realised in spring 2006 that European governments had allocated so many allowances that the regulated industries did not have to make reductions. This was because the allocation plans were based on estimates of emissions, rather than audited measurements.

The allocation plans behind Phase 2 are based on extensive and credible measurement of the industries' emissions, and the industries within the scheme will have to make emission reductions. This is why the price of Phase 2 credits remained strong when the Phase 1 credits collapsed. Independent analysts have recently assessed the allocation for Phase 2 and forecast that credits will be scarce.

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What people say

  • "This might just be the world's first truly ethical offseting scheme."

    John Grant, Author of The Green Marketing Manifesto
  • "I have never been a fan of carbon offsetting but Carbon Retirement is different"

    Richard Ellis, Group Head of CSR Alliance Boots
  • "I have long thought European Allowances were the best alternative to offsets"

    Joseph Romm, Former environment advisor to Bill Clinton
  • "Carbon Retirement is an innovative idea that has clear differentiation in the market"

    Jo Hill, Unltd.
  • “We benefit from Carbon Retirement's innovative and responsible approach to carbon offsetting.”

    Adam Black, Head of Sustainability Doughty Hanson

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