Sentences with phrase «expensive international offsets»
New Zealand, home of the world's second - oldest Emissions Trading System, chose not to participate in the second phase of the Kyoto Protocol, and forestry project transactions nearly ground to a halt due to competition from less expensive international offsets.
https://www.forest-trends.org/ Not exact matches
EPA has estimated that without international offsets (most of which will be forest - based), the bill would have been 96 percent more expensive.