| UN carbon credits could be worth just 50 euro cents by the end of the decade due to a huge oversupply of allowances, hitting investment in its Clean Development Mechanism (CDM), analysts Thomson Reuters Point Carbon warned yesterday.
The current surplus of Certified Emission Reduction (CER) credits generated in the UN's CDM and Joint Implementation (JI) schemes, and used by companies to offset their emissions, could be as large as 1.43 billion for the period up to 2020, the company said...............................................Full Article: Source |