EU: 11% more imported emission credits

Budapest Business Journal _ bbjonline.hu: "France proposed that UN-backed credits created through energy-efficient projects in developing countries such as China should cover an estimated 1.554 billion metric tons of EU emissions in 2008-2020 rather than 1.394 billion tons proposed by the EC in January. UN permits are cheaper than EU allowances and can be used as an alternative for compliance under the emissions-trading program."