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UN Carbon-Credit Supply to Decline by December, New Energy Says
2010-11-08 13:02:51.786 GMT
By Mathew Carr
Nov. 8 (Bloomberg) -- The supply of new credits under the
United Nation's Clean Development Mechanism may fall by more
than 50 percent by Dec. 3, based on requests for offsets,
Bloomberg New Energy Finance predicted.
The supply of UN Certified Emission Reduction credits may
fall to 739,125 metric tons in the week through Dec. 3, compared
with 1.8 million tons expected this week, London-based analysts
including Clemens Tummeltshammer at New Energy Finance said
today in an e-mailed report.
UN credits for December fell 1.3 percent to 12.06 euros
($16.78) at 12:42 p.m., according to data from the European
Climate Exchange in London. European Union carbon permits for
December, the benchmark contract, fell as much as 2.3 percent
today to 14.18 euros ($19.79) a metric ton and were at 14.25
euros as of 12:42 p.m., the lowest since Aug. 9.
EU prices may fall as low at 14.10 euros this week, New
Energy Finance, which provides carbon-market research,
estimated. Or they could rise as high as 14.80 euros a ton, it
said.
For Related News and Information:
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--Editors: 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 on +44-20-7073-3520 or sev@bloomberg.net
