Land use is also becoming more prominent in discussions under the Clean Development Mechanism, a carbon offset tool that supports emissions - reduction projects in developing countries so that developed countries earn
certified emission reduction credits — while continuing to pollute.
Analysts warn prices are likely to remain in doldrums for 12 months as
certified emission reduction credits reach $ 3.32 a tonne
Certified Emissions Reduction credits (CERs) produced by the UN's Clean Development Mechanism; European Union Allowances (EUAs) produced by the European Union's Emissions Trading System (EU ETS), and Emissions Reduction Units (ERUs) produced by the UN's Joint Implementation mechanism.
Through the Clean Development Mechanism (CDM), a provision in the Kyoto Protocol that encourages developed nations to share clean technologies with the developing world, countries can earn
certified emissions reduction credits (CERs) by investing in clean energy projects.
Around the same time Congress was purchasing these offsets, the World Wildlife Fund released a report denouncing 20 percent of the UN's
certified emissions reduction credits, as facilitated through the controversial clean development mechanism, as bogus.
The scientists highlighted Brazil's proposal to include prevention of deforestation in the market for CERs (
Certified Emissions Reduction credits).
Not exact matches
They charge that since 2005 a small number of firms have deliberately produced excess greenhouse gas pollution for the sole purpose of destroying it, thus earning them valuable carbon offset
credits called
Certified Emissions Reductions (CERs).
(A
credit for a ton of CO2, called a
certified emissions reduction, has been selling for about $ 15 in Europe.)
The CDM allows
emission -
reduction (or
emission removal) projects in developing countries to earn
certified emission reduction (CER)
credits, each equivalent to one tonne of CO2.
The headline figure hides large national variations and several countries will not meet their national target without
emissions trading, or
credits purchased from
certified emission reduction projects in developing countries under the UN's Clean Development Mechanism (CDM).
The funding is typically results - based, through the purchase of
certified emission reductions or «carbon
credits».
SGS Carbon Neutral: Indicates a significant
reduction has been achieved and that remaining
emissions have been offset through programs such as renewable energy
credit purchase systems run by
certified third - party organizations.
The CDM is one of the three Flexible Mechanisms defined in the KyotoProtocol and allows
emission -
reduction projects in developing countries to earn
certified emission reduction (CER)
credits, each equivalent to one tonne of CO2.
Under Article 12, Annex B nations may implement
emission reduction projects in developing nations to generate
certified emission reduction (CER)
credits for each ton of carbon reduced or avoided.
Under the CDM, when a project (such as a wind farm) in a developing nation results in an overall fall in
emissions it will receive «carbon
credits», called
Certified Emission
Reductions (CERs) based on the amount of
emissions that have been reduced.