United Nations envoys will probably restrict trading of surplus Kyoto Protocol allowances by countries and crimp an oversupply in carbon markets faster than expected, said Andrei Marcu, head of the Centre for European Policy Studies’ Carbon Market Forum. Limits on the use of spare Assigned Amount Units, given to nations with targets under Kyoto’s first commitment period, may help boost carbon prices next year after they reached a four- year low on Dec. 14, Marcu, based in Brussels, said yesterday by phone. CEPS studies areas including rural policy, economics and climate protection using public and private funding. The first commitment period runs for the five years through 2012 and the second will run through 2017 or 2020. Proposals by some South American and African nations made near the end of climate-protection talks in Durban, South Africa, earlier this month “were very restrictive,” Marcu said. “This has the potential to represent a significant set- aside at the UN Framework Convention on Climate Change level that will translate to the supply-demand balance.”
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