There is a growing consensus in the US of the pending climate legislation being delayed in the Senate, possibly to Q1 or even Q2 next year. This has removed some of the urgency seen in previous weeks, particularly for demand of CRT credits, the current choice US credit. Accordingly prices stuck at $7/8, bid/offered while supply ramps up.
Demand for VCUs is focused on issued RE, pre-CDM projects as offset retailers bolster their portfolios with interesting, smaller projects. Bids are around the $4.50 level with offers narrowing a little from recent weeks to $5.50. Industrial Chinese VCUs are being offered from $2.
The Gold Standard pipeline is growing, particularly from Turkish projects while demand remains very thin with
Related posts:
- MF Global Weekly CDM & VER Market Summary 7th – 13th September 2009
- MF Global Weekly VER and CDM Market Summary 31st August – 6th September 2009
- MF Global Weekly CDM & VER Market Summary 13th – 19th July 2009
- MF Global Weekly CDM & VER Market Summary 14th – 20th September 2009
- MF Global Weekly CDM & VER Market Summary 22nd – 28th June 2009