By Mathew Carr
Jan. 5 (Bloomberg) -- United Nations carbon credits dropped
as a London-based analyst said this month's supply of new
offsets may double the previous record.
UN Certified Emission Reductions for prompt delivery
decreased 1.6 percent to 11.62 euros ($15.37) a metric ton on
ICE Futures Europe in London at 11:12 a.m. European Union
allowances for December, the carbon-market benchmark, were
little changed at 14.42 euros.
Issuances of new CERs will reach about 48.9 million metric
tons this month, Alessandro Vitelli, a London-based analyst at
IDEAcarbon, said today by e-mail. That compares with the record
24.8 million tons in November and 21.6 million last month,
according to UN data compiled by Bloomberg.
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