Barclays Capital has launched a standard forward agreement for the trading of certified emissions reductions (CERs) in a bid to improve liquidity in the secondary CER market.
CERs are created through emissions reductions projects in developing nations, and can be used by European emitters to meet their EU emissions trading scheme obligations.
The secondary market for CERs has been slow to take off, in part because CER transaction documentation generally varies from one deal to the next. Primar
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