Carbon: EcoSecurities cuts CER forecast again, shares drop (ECO.L)

From Reuters via Hemscott:

One of the world's biggest developers of carbon offset energy projects, UK-based EcoSecurities Group Plc, said its offset issuances for the next 12 months were likely to be markedly below previous expectations.

Shares in EcoSecurities were down 14.3 percent at 67 pence at 0842 GMT.

EcoSecurities said on Thursday it expected 'a rapid increase in the generation of emission reductions from its pre-2012 CDM (clean development mechanism) portfolio projects', but administrative delays in the UN's project registration,

Verification and CER issuance processes would hit issuances of offsets, called CERs....MORE