* Trading Emissions shares unchanged at 91.50 pence
* Lowers CER portfolio on policy, U.N. registration delays
LONDON, Oct 5 (Reuters) – Clean energy developer Trading Emissions Plc. (TREM.L: Quote) trimmed its Kyoto Protocol carbon offset portfolio on Tuesday, due to climate policy uncertainty and U.N. project registration delays, its investment adviser said.
In its full-year results ended on June 30, the company said it expects to receive 32.2 million offsets, called Certified Emissions Reductions (CERs), from clean energy projects before 2012, down from the 41.9 million it forecast a year earlier. “The carbon markets are in flux. There is uncertainty around global policy and we don’t expect Cancun to deliver. Carbon prices are only just recovering after the financial recession,” said Simon Shaw of EEA.
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