The UN will issue 3.6 billion CO2 credits by 2020 under its clean development mechanism (CDM), according to market analyst Point Carbon. But 530 million credits may be banned under the EU ETS as a result of forthcoming restrictions.
The European Commission's legislative proposal to improve the CDM's environmental integrity, still expected this month, is likely to exclude the use of credits from controversial HFC-23 and N2O adipic acid industrial gas projects from 2013.
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