UN CER Emission Credits Drop as Supplies Advance
United Nations Certified Emission Reduction credits for December dropped to a four-day low as supplies will probably rise this month to a record.
The credits fell to an all-time low of 71 euro cents a ton on Oct. 25, as demand in Europe remained muted by low levels of economic production. Supplies of new CERs may rise to a record 57 million tons this month, according to data from the website of the UN Framework Convention on Climate Change in Bonn.
European Union permits for December declined 0.6 percent today to 8 euros a ton. Emission Reduction Units for the same month lost 10 percent to 61 euro cents a ton.
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