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UN emission credits surge 38pct

Posted on 12 April 2013

Emission credits issued by the United Nations increased 38 percent this month, Bloomberg reports. The surge came amid speculation that developers are buying up the contracts — which are sold by the UN in a bid to encourage investment in climate-friendly projects — to meet commitments with buyers to deliver offsets.
Certified Emission Reductions reached a 12-week high of 43 European cents ($0.56) in London on Monday but the contracts are still down 91 percent from a year ago due to an oversupply, Bloomberg says……………………………………..Full Article: Source


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