As part of the EUA-ETS, especially in the first 3 phases of the mechanism, polluters were allowed to offset part of their emissions with either ERUs or CERs generated by projects across the globe with a proven track of emission reductions. Using this mechanism, our local clients offset more than 42 million credits supporting the global effort of emission reduction.
As we are approaching the 4th phase of the EUA-ETS, (2021 – 2030), and with the implementation at European level of mechanisms meant to reduce the surplus of emission allowances in the carbon market (MSR), carbon emissions will become a variable directly influencing the price of electricity in Europe. Indirectly, carbon emissions will influence the demand but also the need for natural gas or coal products consumption. Therefore, the transition to phase 4 of the EUA-ET represents a challenge that our team understands, and we are ready to assist our clients in managing and overcoming it.