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Limits on UN Credits Wouldn't Ruin CO2 Market, RWE Trader Says
2010-11-10 10:15:37.712 GMT
By Mathew Carr
Nov. 10 (Bloomberg) -- A proposed ban on industrial-gas
offsets in the European Union carbon program probably wouldn't
undermine the market because it's oversupplied, a trader at RWE
AG said today at a conference in London.
"There will be enough Certified Emission Reductions
available for meeting the absorption capacity of the EU
emissions trading system," Bjorn Struck, senior emissions
portfolio manager at the trading unit of RWE, Germany's second-
biggest utility, said at the Climate Finance 2010 conference.
"I don't think the restrictions will affect the EU ETS a lot."
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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:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
