After identifying many irregularities, the German Environment Agency (UBA) has denied certificate approvals for eight Upstream Emission Reductions (UER) projects in China.
UBA President Dirk Messner clarified that following this decision, no new UER certificates from these projects will be released onto the market, something he considers as good news.
The investigation conducted by the German agency showed that eight projects, with carbon credits totaling an amount of 215,000 tons of carbon dioxide (CO2), did not meet the necessary standards for certification.
Following the EU’s introduction of the Fuel Quality Directive (FQD), which obliges fuel suppliers in Europe to reduce the greenhouse gas emissions of fuels used in transportation, UER projects became a valuable option through which companies from the fuel industry can purchase UER certificates and adhere to the rules of the new directive.
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Read the full post at Carbon Herald.