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UN CER Issuance to Jump in August, IDEAcarbon Says (Update1)
2010-07-29 14:26:04.401 GMT
(Adds HFC credits in fourth paragraph.)
By Mathew Carr
July 29 (Bloomberg) -- The United Nations Framework
Convention on Climate Change secretariat will probably issue
about 18 million Certified Emission Reduction credits from
tomorrow through Aug. 26, according to IDEAcarbon.
The UN will hand out 2.4 million metric tons of CERs next
week, London-based IDEAcarbon analyst Alessandro Vitelli
estimated today in an e-mail and by phone. IDEAcarbon rates
emission-reduction projects. The UN has issued 365,000 tons of
CERs so far this month, according to its website.
Should the Clean Development Mechanism Executive Board
decide to halt issuances from projects that curb
hydrofluorocarbon-23 gas, issuances in the period may be about 8
million tons, Vitelli said.
The board, backed by the Bonn, Germany-based secretariat,
regulates the CDM, the second-biggest greenhouse gas market
after the European Union carbon dioxide program. Regulators are
seeking to streamline procedures to boost the productivity of
the system, incentivizing reductions and cutting delays.
For Related News and Information:
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Today's top power, energy news PTOP <GO>, ETOP <GO>
For top environmental news GREEN <GO>
Carbon market events calendar ECAL <GO>
--Editors: Rob Verdonck, Jonas Bergman.
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
