Carbon trading volumes are set to be boosted after the International Transactional Log (ITL) of the Kyoto Protocol emissions reduction framework was connected with carbon registries from 26 EU countries on October 16.
The link up will allow companies operating under the EU Emissions Trading Scheme (EU ETS) to exchange emissions rights on a global scale, and to register certified emission reduction credits (CERs) in National Registries. CERs are issued under Kyoto's Clean Development Mechanism
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