Ukraine Issues 3.15 Million CO2 Credits in 8 Weeks, Vertis


Ukraine Issues 3.15 Million CO2 Credits in 8 Weeks, Vertis Says
2010-11-16 16:32:57.192 GMT

By Mathew Carr
Nov. 16 (Bloomberg) -- Ukraine has issued about 3.15
million metric tons of United Nations-overseen Emission
Reduction Units in less than eight weeks, boosting supply in the
carbon markets, according to Vertis Environmental Finance.
The latest issuance since Sept. 24 takes the nation's total
to 13.06 million tons, Mariann Csikesz, a spokeswoman for the
Budapest-based company that analyzes the carbon markets, said
today in an e-mailed statement.
In the same period, the Clean Development Mechanism issued
10.8 million tons, according to Bloomberg data. The so-called
CDM is the biggest UN offset program followed by the Joint
Implementation mechanism, which produces the ERUs. They both
stem from the 1997 Kyoto Protocol, which imposed greenhouse-gas
targets for developed nations in the five years through 2012.

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--Editors: Rob Verdonck, Randall Hackley

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