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UN Supply of CER Credits May Dry Up in July on New Procedures

The United Nations Framework Convention on Climate Change may supply no Certified Emission Reduction credits for the rest of the month as it adopts new procedures.

“We expect issuance to return to the usual level of fluctuation by the end of July,” said UNFCCC spokesman David Abbass in a telephone interview today. The new procedures are expected to boost the supply of credits starting in August, he said.