Supply of United Nations Certified Emission Reductions reached its highest-ever level in the eight months through August, according to UN data compiled by Bloomberg.
Issuance of so-called CERs through Aug. 30 grew 24 percent year-on-year to 223 million metric tons, according to data posted on the UN website. That’s the biggest year-to-date total since the UN issued the first offsets in 2005. The 2013 figure was also 5.2% higher than the eight-month total in 2011.
