+------------------------------------------------------------------------------+
UN CO2 Program Needs Fairer Disclosure, Tschach Solutions Says
2010-08-17 16:19:36.138 GMT
By Mathew Carr
Aug. 17 (Bloomberg) -- Regulators of the market for United
Nations greenhouse gas credits should ensure traders have fairer
access to market-sensitive data, including notifications that
new issuances are under review, said Tschach Solutions GmbH.
The discount of UN credits compared with European Union
allowances today shrank to its narrowest level in almost three
months as regulators consider a review of issuance to three
hydrofluorocarbon-23 projects for unspecified reasons. Project
participants received notification of the review before the
market, according to an e-mail today from the Bonn-based
secretariat of the UN Framework Convention on Climate Change.
"Everyone should have the same information at the same
time," said Jan Frommeyer, managing director of Tschach
Solutions, a Karlsruhe, Germany-based provider of carbon-market
analysis. "We need to know why the HFC projects are being
reviewed," he said today by phone.
Credits from HFC-23 projects make up about half the supply
of offsets issued in the UN-managed Clean Development Mechanism.
The review may limit the supply. The gas is emitted in the
production of chemicals for air conditioning and refrigeration,
contributing to climate change by trapping heat in the earth's
atmosphere. The gas's warming effect is 11,700 times more
powerful than carbon dioxide.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Rob Verdonck, John Buckley.
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
