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United Nations Issues Most Carbon Emission Offsets Since May 2

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Oct. 29 (Bloomberg) -- Supply of United Nations carbon offsets, known as Certified Emission Reductions or CERs, grew by the most in almost six months, UN data show.

The executive board of the UN’s Clean Development Mechanism, the body responsible for regulating CERs, issued a total of 4.7 million metric tons of credits today, according to data on the UN website. That’s the biggest daily volume since May 2, when the regulator issued 6.3 million tons.

The CDM executive board is scheduled to approve supply of more than 47 million tons of credits in November, the second-highest monthly total since the UN mechanism began in 2005.

To contact the reporter on this story: Alessandro Vitelli in London at avitelli1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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