UN sees future for carbon scheme despite price drop | Reuters
The United Nations' carbon offset market has a long future in helping the world curb man-made greenhouse gas emissions, even with carbon prices at record lows, the executive chairman of the U.N. Clean Development Mechanism (CDM) said on Thursday. U.N-backed carbon credits, called certified emissions reductions (CERs), have plunged around 70 percent over the past 12 months as a massive supply of credits has built up because of a drop in demand due to a slowing economy. The benchmark CER contract hit record lows below 3 euros this week.
Thursday, July 19, 2012
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.