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United Nations Carbon Credit Prices May Rise by 42% by 2012

Prices of United Nations Certified Emission Reduction credits will increase by as much as 42 percent by 2012 as new rules reduce supplies, Barclays Plc said.

CERs under the UN’s Clean Development Mechanism program may rise to about 18 euros a metric ton in two years, and to as much as 25 euros in the third phase of the European Union’s carbon- trading plan starting 2013, Trevor Sikorski, a London-based analyst at Barclays Capital, said yesterday. UN CERs for December fell 1.6 percent to 12.69 euros a ton yesterday on London’s European Climate Exchange.