Top News

American Apparel Got Indication of Interest for $1.30-$1.40 per Share

UN Carbon Credit Program Reports $82 Million Surplus to June

The trust for the United Nations Clean Development Mechanism, the operator of the world’s biggest greenhouse gas credit program, had an operating surplus of $82 million in the 18 months through June 30, as offset supply increased.

Fees and other income amounted to $141 million in the period, compared with expenses of $59.2 million, according to data in a statement on the website of the UN Framework Convention on Climate Change. The Bonn-based trust was holding $201 million, including funds carried over from the previous period, the UN said.

The CDM receives registration fees from carbon-cutting projects that apply for approval to issue credits, and issuance fees when projects request supply.

Certified Emission Reduction credits from the program closed unchanged yesterday at 58 euro cents ($0.78) a metric ton, according to data from ICE Futures Europe. They’ve plunged 97 percent since reaching a record high of 22.54 euros a ton in July 2008, as issuance advanced and demand from factories and power stations was crimped by the European Union’s economic recessions.

To contact the reporter on this story: Mathew Carr in London at

To contact the editor responsible for this story: Lars Paulsson at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.