Kyoto global emissions trading system to go live

This will allow companies operating under the EU Emissions Trading Scheme to exchange emissions rights on a global scale and also to register in National Registries certified emission reduction credits (CERs). CERs are issued under Kyoto’s Clean Development Mechanism (CDM) and can be used towards companies’ compliance targets.

Each national registry transaction will be verified by the ITL in real time to ensure consistency with Koyoto protocol.

“In terms of carbon market, ETS go-live with th