Friday, January 11, 2013

EU carbon dioxide hoax scam swindle fraud credits plunge 61% to their lowest-ever price: 27 cents per metric ton

UN Developed-Country Carbon Drops to Record on EU Ban Proposal - Businessweek
United Nations carbon credits for December slumped to their lowest ever after the European Union proposed to ban some offsets imported from countries including Russia unless they undergo additional checks.

UN Emission Reduction Units issued after 2012 from countries without new emission goals under the Kyoto Protocol may be held in the EU registry as long as it is certain they represent carbon cuts taking place before the end of last year, according to a draft regulation presented by the European Commission yesterday. ERUs for December plunged 61 percent, a record drop, to 20 euro cents ($0.27) a metric ton on the ICE Futures Europe exchange as of 11:59 a.m. in London.

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