China Might Stop UN CO2 Credit Supply in 2015, Barclays Says
This article is for subscribers only.
China, the biggest supplier of carbon credits, might withdraw from the United Nations-overseen Clean Development Mechanism around 2015, boosting offset prices in the five years through 2020, said Barclays Plc.
Post-2012 letters of approval from China’s National Development and Reform Commission, the nation’s regulator, are specifying volume limits that might suggest a halt in supply around 2015, Barclays Capital analysts including Trevor Sikorski in London said today in an e-mailed research note, citing discussions with project developers.