12.04.2013 - UN emission credits surge 38pct
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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