CarrZee calculation is that the EU target will be a limit of about 430 million tons in 2040. Use of UN credits (3% of 4.3 billion tons [1990 net emissions]) is 129 million. So that’s 30% flexibility on the 2040 target. NOTE: Bloomberg reported earlier the flexibility would be 3% of the 2040 target. That … Continue reading Europe’s new 2040 climate target signals potential demand for about 129 million tons of Paris carbon credits that year (target of about 430 million) (1)