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EU Favors Central Buying of Imported Carbon Credits

The European Union said it prefers controlled purchases of international carbon credits over the acquisition of them by individual companies, as it wants to ensure only high-quality projects count toward its ambitious climate target.

Investors in emissions-reduction projects called on the EU to agree on the rules as soon as possible. Photographer: Milan Jaros/Bloomberg
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EU Favors Central Buying of Imported Carbon Credits

The European Union said it prefers controlled purchases of international carbon credits over the acquisition of them by individual companies, as it wants to ensure only high-quality projects count toward its ambitious climate target.

Investors in emissions-reduction projects called on the EU to agree on the rules as soon as possible. Photographer: Milan Jaros/Bloomberg
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