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UN Program Backed by Microsoft Set to Boost Carbon-Credit Demand

  • Demand seen equivalent of 26% of last year's volume on ICE
  • EU doesn't plan to renew buying of UN emission credits

A United Nations program backed by Microsoft Corp. and Sony Corp. that allows companies and individuals to offset their emissions online may spur demand for 50 million carbon credits through 2020, according to one of the project’s advisers.

The forecast, equivalent to 26 percent of the volume of credits traded on the ICE Futures Europe exchange in London last year, is based on current demand plus new buying from businesses that want to be associated with the brands already participating, said Daniel Rossetto, the managing director of Climate Mundial, an emissions trading consultant that’s working with the UN on the program.