UN Carbon Discount Nears Two-Year High on Increased UN Supply
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The discount of United Nations emission credits compared with European Union permits widened to near its biggest level in almost two years after regulators increased the supply of new credits.
A decision to change the time when developers of projects can claim Certified Emission Reduction credits will boost supply through 2012 and encourage abatement efforts, Camco International Ltd., a London-based developer of greenhouse-gas project, said today. UN credits can be used for compliance in the EU carbon program, the biggest emissions market.