CERs come of age
A secondary market for certified emissions reductions generated by the Clean Development Mechanism now exists – but its emergence has been patchy, with some significant developments, along with some ongoing uncertainty. Point Carbon's research and analysis team investigates
Nearly two years have passed since the first Clean Development Mechanism (CDM) project, a landfill gas venture, was approved in Brazil. Soon afterwards, the secondary market for certified emissions reductions (CERs), the tradable unit of the CDM, began to emerge. So far, the emergence of this secondary market has brought with it both significant developments and some continued uncertainty.
One
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