UN May Complete Review of HFC-23 Credits by August

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The United Nations may complete by August its review on the awarding of carbon credits for the emission of greenhouse gases more damaging than carbon dioxide, an official said.

A UN panel will present its findings on the methodology for issuance of carbon credits for hydro-fluorocarbon (HFC) combustion plants when the UN Clean Development Mechanism board meets in Bonn in end-July, Clifford Mahlung, chairman of the UN CDM executive board, said in an interview today. HFC credits make up about half the total CDM supply since 2005.