UN Carbon Declines to Record as EU Moves to Ban ERU Credits
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United Nations carbon offsets for December fell to a record as the European Union proposed a ban on carbon credits from emerging economies.
UN Certified Emission Reductions for December fell 4.2 percent to 1.36 euros a metric ton as of 2:02 p.m. on London’s ICE Futures Europe exchange. The futures contract for March also dropped to its lowest-ever price, declining 2.4 percent to 1.20 euros a ton, and the December 2013 contract weakened 1.9 percent to 1.55 euros, also a record.