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UN Draft May Mean 'Deregistration' of CO2 Projects, IETA Says
2010-10-22 09:57:47.56 GMT
By Ewa Krukowska and Catherine Airlie
Oct. 22 (Bloomberg) -- A United Nations draft proposal to
limit excess issuance of Certified Emission Reductions may
result in the "deregistration" of projects, the International
Emissions Trading Association said today in a statement.
"The desire to limit excess issuance must be balanced"
with the need to keep carbon-project auditors and investors
interested in the UN's Clean Development Mechanism, Henry
Derwent, president of Geneva-based IETA, said in an Oct. 8
letter to the UN. The letter responded to UN carbon regulators'
request for input.
IETA said the market implication of the UN proposal would
be severe and recommended a cap on the liability for project
auditors known as DOEs, among other proposals. For a link to the
letter, click here.
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To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
