UN Expects 50% Increase In Emissions-Reduction Projects In ‘09

Feb 17 2009 | 12:05am ET

The United Nations’ emissions-trading market, the second largest in the world, expects a 50% increase in greenhouse-gas-reduction project registrations this year, increasing the supply of tradable credits.

A report published by the Clean Development Mechanism Executive Board, the program regulator, said applications are expected to jump to 1,000 from 666 in 2008. Proposals for issuances of certified emissions-reduction credits are expected to jump 55% to 800.

The budget for the UN market received a 30% boost in 2009 to $28.5 million. The market allows rich nations to invest in greenhouse-gas-cutting projects in poor nations. The UN Framework Convention on Climate Change, which oversees the market, will increase the number of employees dedicated to the caseload to 137 from 93.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...