100 millionth CER issued, but ITL delay sours the mood

The 100 millionth certified emission reduction (CER) credit under the Kyoto Protocol's Clean Development Mechanism (CDM) has been issued, "marking an important environmental, development and carbon market milestone on the road to a low-carbon future", according to the United Nations Framework Convention on Climate Change (UNFCCC).

The CDM has been running for two years. "In that short time it has shown its ability to reduce greenhouse gas emissions and stimulate green investment in developing cou