why this interest in 2012 cers folks?
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
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UN 2012 Emission Futures Volume Advances to Seven-Week High
2010-10-06 17:15:04.562 GMT
By Mathew Carr
Oct. 6 (Bloomberg) -- The trading volume of United Nations
emission offsets for 2012 rose to its highest level in seven
weeks, as European Union regulators debate rules for the use of
offsets for the eight years starting 2013.
The UN credits can be used for compliance in the EU
program, the world's biggest carbon market by traded volume.
Some offset credits may be disallowed in the third phase, which
runs for the eight years through 2020.
The volume of UN credits for December 2012 jumped 47
percent to 2.56 million metric tons today, the highest level
since Aug. 19 on London's European Climate Exchange. The
contract closed 2 cents lower at 13.14 euros ($18.30) a metric
ton. EU allowances for December were unchanged at 15.57 euros.
For Related News and Information:
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Rob Verdonck, Mike Anderson.
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
