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UN Delays Issuance of CO2 Credits on Computer-System Changes
2010-08-16 11:49:39.10 GMT
By Mathew Carr and Ewa Krukowska
Aug. 16 (Bloomberg) -- The regulator of the Clean
Development Mechanism, the world's second-biggest carbon market,
delayed the issuance of some offset credits because of
modifications to its computer systems.
The changes to the computer infrastructure were needed
after the regulator of the United Nations' program adopted new
procedures for reviewing projects that can earn offset credits,
the CDM said today in an e-mailed statement.
"For technical reasons, the status of a few cases has not
been updated after the adoption of new review procedures by the
board," the CDM said. "It is expected that within the week,
the specific IT infrastructure will be deployed, and the status
of these projects will be available on the website."
UN Certified Emission Reduction credits are awarded to
investors that fund emission-reduction projects in developing
nations. They can be used for compliance in the European Union's
cap-and-trade program, the world's biggest carbon market.
For Related News and Information:
Emission market news NI ECREDITS <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
Sustainability, environmental indexes SEI <GO>
--Editors: Mike Anderson, Reed Landberg.
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
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
