European groups spend £800m on carbon credits

European energy and industrial companies have become the most important buyers of carbon credits from the developing world, spending an estimated £800m on the credits in 2009, according to figures compiled by Sandbag, an environmental campaigning group that specialises in carbon trading.

Website: Sandbag http://www.sandbag.org.uk/

EurActiv, 16.7.10: Chinese firms cashing in on EU carbon trade http://www.euractiv.com/en/climate-environment/chinese-firms-cashing-in-on-EU-carbon-trade-news-496384

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