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EU Carbon Permits Drop to Lowest Since Aug. 2 on Offset Supply
2010-12-17 11:12:43.902 GMT
By Mathew Carr
Dec. 17 (Bloomberg) -- European Union carbon permits fell
to their lowest price since Aug. 2 as the United Nations-
overseen regulator boosted supply of offset credits.
EU carbon futures for December fell as much as 0.8 percent
to 14.14 euros a metric ton on ICE Futures Europe.
Supply of new credits in the UN's Clean Development
Mechanism, the world's second biggest carbon market, will come
close this month to reaching last month's record, IDEAcarbon
said in an e-mailed statement.
Issuance may reach 24.4 million metric tons this month,
compared with 24.8 million tons last month, Alessandro Vitelli,
an analyst at IDEAcarbon in London, said by phone today.
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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
