2011/01/10

UN Offset Premium for 2011 Evaporates as Supply Advances

see attached - comments my way UN Offset Premium for 2011 Evaporates as Supply Advances



By Mathew Carr
Jan. 10 (Bloomberg) -- The premium for United Nations
carbon credits for 2011 fell to its narrowest level since Aug.
16, as the regulator boosted the supply of new offsets.
The spread for UN Certified Emission Reductions for
December 2011, which trades as a separate contract, was 5 euro
cents ($0.06) a metric ton more than for the December 2012
contract on ICE Futures Europe in London as of 9:36 a.m today.
It closed at 7 cents a ton on Jan. 7. European Union allowances
for December of this year fell as much as 0.8 percent to 14.51
euros a ton, the lowest since Jan. 5.


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