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Certified Emission Reduction (CER)
The right to emit 650,000 tonnes of CO2. CER is the technical term for the output of Clean Development Mechanism (CDM) projects, as defined by the Kyoto Protocol. A unit of greenhouse gas reductions that has been generated and certified under the provisions of Article 12 of the Kyoto Protocol, the CDM.
* see also cap and trade; clean development mechanism (CDM); Kyoto Protocol on Climate Change