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Point Carbon Reduces Estimate for UN Offset Supply Through 2012
2010-12-22 16:31:51.884 GMT
By Mathew Carr
Dec. 22 (Bloomberg) -- Point Carbon cut its estimate of
United Nations Clean Development Mechanism credit supply through
2012 by 2.8 percent because fewer-than-expected monitoring
reports are being published and demand is expected to be lower.
The Oslo-based company, a unit of Thomson Reuters Corp.,
forecast 1.074 billion metric tons of credits will be issued
under the UN program by the end of 2012, 31 million less than a
prediction made a month ago, according to an e-mailed research
note. Each credit is the equivalent of a ton of carbon dioxide.
The estimate for issuance in 2011 was cut 9 million tons to
253 million tons, according to the note. Total Certified
Emission Reductions through 2020 will reach 3.667 billion tons,
41 million tons lower than the earlier forecast, it said.
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--Editors: Rob Verdonck, Alex Devine
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 at +44-20-7073-3520 or sev@bloomberg.net
