Who can rescue the UN-backed offset market?

Delaying the sale of over a billion carbon permits could bring EU carbon prices back from the brink, but it might not be enough to salvage the UN's offset prices.

Any lifeline European Union regulators throw to the bloc's own troubled carbon market may do little to help the United Nations' ailing emissions offset scheme.

The EU emissions trading scheme and the UN-backed offset market have been in an interdependent relationship since 2005, particularly since most of the demand for offset credits comes from the 12,000 or so big polluters in the EU scheme.

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