E3 International was founded in response to the emergence of sustainability as a mainstream issue for business and a shift in the nature of environmental regulation – from traditional command and control measures to more subtle, more complex and more sophisticated approaches, often characterised by market based instruments and mechanisms.
Over the years it has grown into a niche advisory, solutions and services group working with major corporations in Australasia and Europe to support their responses to these developments – in particular to manage risks and capture opportunities.
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E3 releases report on cases where identical allowances surrendered by different EU ETS installations |
- Identical allowance blocks surrendered more than once
- 13 out of 24 national emissions registries affected
- 238 cases, affecting 385 installations (excluding records of Italian registry)
- ~18 million allowances double counted (excluding records of Italian registry)
- Italian registry records rife with cases of double counting
- Presence of “double counting” undermines environmental integrity of EU ETS
Full details of each individual case in which identical allowance block have been surrendered more than once are contained in the full E3 report on double counted allowances which is available to registry operators at no charge or can be purchased by commercial entities from the E3 shop: http://shop.e3international.com/ These data can be checked against public CITL records.
The full press release is located here.
The European Commission Response is here.
The E3 Response to the EC Statement is here.
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