Traders are giving up bets that United Nations carbon offsets will be an increasingly valuable option because they worry about more rule changes in the world’s biggest cap-and-trade market, analysts including Orbeo said.
Factories and power stations in the European Union market handed in a record 137 million metric tons of UN offsets for the 2010 year, according to data published May 2 by the European Commission, the Brussels-based regulator. UN offsets were 3.30 euros ($4.91) cheaper that EU allowances on April 29, according to data from the BlueNext exchange in Paris. So emitters using the offset option saved 452 million euros.
