UN Carbon Regulator Sees Fast Pace of Credit Supply
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The increased pace of carbon credits flowing from a United Nations-overseen market will be maintained as European Union officials seek improvements to the biggest program for emission offset credits, a senior UN regulator said.
The EU allows some UN offsets to be traded in its own carbon trading system, which is the world’s largest. Some European regulators have a “too-dark” view of the performance of the UN Clean Development Mechanism, said Pedro Martins Barata, a Portuguese member of the CDM executive board and a candidate for the chairman’s job in February.