calm before storm folks? eua cer spread already on the march...comments my way...how much damage can lack of disclosure cause to this already-fragile market?
Another HFC-23 destruction project, which is seeking
credits for the equivalent of 3.3 million tons of carbon dioxide
under its latest request, is expected to receive credits as
early as today, after a period for requesting a review ended
yesterday. Participants in the Changshu 3F Zhonghao New
Chemicals Materials Co. plant in China include BP Plc, Deutsche
Bank AG, Enel SpA and RWE AG.
------------------------------------------------------------
Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
+------------------------------------------------------------------------------+
UN Emission Credits Steady as Regulators May Review Issuance
2010-08-18 07:55:03.401 GMT
By Mathew Carr
Aug. 18 (Bloomberg) -- United Nations greenhouse gas
credits were steady near their highest price in more than a week
as regulators in Bonn consider a review of three projects to cut
hydrofluorocarbon-23 emissions.
Another HFC-23 destruction project, which is seeking
credits for the equivalent of 3.3 million tons of carbon dioxide
under its latest request, is expected to receive credits as
early as today, after a period for requesting a review ended
yesterday. Participants in the Changshu 3F Zhonghao New
Chemicals Materials Co. plant in China include BP Plc, Deutsche
Bank AG, Enel SpA and RWE AG.
UN credits for December 2012 fell 4 cents to 12.03 euros
($15.44) a metric ton today at 8:26 a.m. on London's European
Climate Exchange. Their close at 12.07 euros a ton yesterday was
the highest since Aug. 9.
The discount of 2010 UN credits against European Union
permits narrowed 2.6 percent to 1.85 euros a metric ton, the
lowest level since April 30, according to the spread contract
traded on ECX. It shrank 9.5 percent yesterday.
Projects that cut HFC-23 gases make up 52 percent of
current supply of credits created under the UN-overseen Clean
Development Mechanism, the world's second-biggest carbon market
by trading volume after the EU's program.
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, Jonas Bergman.
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
