Certified Emissions Reductions
Certified Emission Reductions (CER's) were created under the Kyoto Protocol's Clean Development Mechanism (CDM) to allow industrialised countries to invest in emission reducing projects in developing nations. The CDM projects generate CER's, credits that can then be used to offset emissions on the EU ETS. Once a CER has been issued it carries the same compliance value as an EUA.
| Host Country | $m %share | $m, June 2011 |
|---|---|---|
| China | 82011 | 68.8 |
| India | 19057 | 16.0 |
| Brazil | 2181 | 1.8 |
| Mexico | 2174 | 1.8 |
| Idonesia | 1336 | 1.1 |
| South Korea | 935 | 0.8 |
| Israel | 899 | 0.8 |
| Peru | 876 | 0.7 |
| Chile | 864 | 0.7 |
| Vietnam | 709 | 0.6 |
| Other Countries | 8190 | 6.8 |
| Total | 119193 | 100.0 |
EUA's
European Union Allowances (EUA's) are emission allowances given to participants in the EU ETS and are traded in a secondary market on the European Climate Exchange (ECX). One EUA gives the holder the right to emit one tonne of CO2. Approximately 2.3bn EUAs have been issued annually to industries covered under the EU ETS.
Carbon Capital "because nature doesn't do bail outs."
Now, we put out a lot of carbon dioxide every year, over 26 billion tons. For each American, it's about 20 tons. For people
in poor countries, it's less than one ton. It's an average of about five tons for everyone on the planet. And, somehow,
we have to make changes that will bring that down to zero.