More coming obviously. Is the eu ban justified given the evidence found by un methpanel?
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Carbon Drops After UN Board Allows Issuance to HFC-23 Projects
2010-11-29 07:56:48.251 GMT
By Ewa Krukowska
Nov. 29 (Bloomberg) -- United Nations emissions offsets
fell to a four-month low after the board overseeing the world's
second-biggest carbon market decided to hand out credits to 12
projects cutting a potent greenhouse gas hydrofluorocarbon-23.
UN Certified Emission Reductions for December 2010 lost 4
percent to 11.75 euros as of 7:35 a.m. in London, the lowest
level since July 29. European Union allowances for December fell
1 percent to 14.93 euros.
The UN Clean Development Mechanism executive board said in
a statement dated Nov. 26 that it approved issuances to some
HFC-23 projects that it had previously placed under review. It
also said it decided to "place on hold and revise" the
methodology of awarding credits to HFC-23 projects amid
allegations of misuse.
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: Stephen Voss, John Buckley
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-474-620-243 or
ekrukowska@bloomberg.net;
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
