OPEN LETTER: Protect the integrity of the EU ETS; Abstain from using offset credits from HFC-23 and adipic acid projects

Carbon Market Watch and a coalition of environmental organizations call on Iberia to avoid using industrial gas offset credits, arguing that such credits lack environmental integrity and undermine the EU ETS and the Montreal Protocol.

• The authors argue that industrial gas credits, specifically those from HFC-23 and N2O from adipic acid abatement projects, undermine the Montreal Protocol, the EU's international climate objectives, and the EU's emissions reduction target because many do not represent real emissions reductions.
• Industrial gas credits are criticized for being concentrated in emerging economies rather than least developed nations and for providing no sustainable development benefits.
• A decision endorsed by EU Member States in January 2011 to ban offset credits from HFC-23 and N2O from adipic acid projects from the EU ETS is scheduled to take effect on 1 May 2013.
• The authors contend that airline operators do not require the concession of a postponed ban on these credits, as the aviation sector only joined the EU ETS in 2012 and the environmental issues of industrial gas projects have been known for years.

APA

Carbon Market Watch (2013). OPEN LETTER: Protect the integrity of the EU ETS; Abstain from using offset credits from HFC-23 and adipic acid projects. https://carbonmarketwatch.org/wp-content/uploads/2013/04/Open_Letters-to-airlines_Industrial-Gases_FINAL-Iberia.pdf

Chicago

Carbon Market Watch. OPEN LETTER: Protect the integrity of the EU ETS; Abstain from using offset credits from HFC-23 and adipic acid projects. 2013. https://carbonmarketwatch.org/wp-content/uploads/2013/04/Open_Letters-to-airlines_Industrial-Gases_FINAL-Iberia.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=OPEN LETTER: Protect the integrity of the EU ETS; Abstain from using offset credits from HFC-23 and adipic acid projects |date=12 April 2013 |url=https://carbonmarketwatch.org/wp-content/uploads/2013/04/Open_Letters-to-airlines_Industrial-Gases_FINAL-Iberia.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2013open, author = {{Carbon Market Watch}}, title = {{OPEN LETTER: Protect the integrity of the EU ETS; Abstain from using offset credits from HFC-23 and adipic acid projects}}, publisher = {Carbon Market Watch}, year = {2013}, month = apr, url = {https://carbonmarketwatch.org/wp-content/uploads/2013/04/Open_Letters-to-airlines_Industrial-Gases_FINAL-Iberia.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }