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What is Certified Emission Reduction mean?
Certified Emission Reductions (CERs) are a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE (Designated Operational Entity) under the rules of the Kyoto Protocol.
CERs can be used by Annex 1 countries in order to comply with their emission limitation targets or by operators of installations covered by the European Union Emission Trading Scheme (EU ETS) in order to comply with their obligations to surrender EU Allowances, CERs or Emission Reduction Units (ERUs) for the CO
2 emissions of their installations. CERs can be held by governmental and private entities on electronic accounts with the UN.
CERs can be purchased from the primary market (purchased from an original party that makes the reduction) or secondary market (resold from a marketplace).
At present, most of the approved CERs are recorded in CDM Registry accounts only. It is only when the CER is actually sitting in an operator's trading account that its value can be monetized through being traded. The UNFCCC's International Transaction Log has already validated and transferred CERs into the accounts of some national climate registries, although European operators are waiting for the European Commission to facilitate the transfer of their units into the registries of their Member States.
Temporary CERs and Long CERs are special types of CERs issued for forestry projects. They are two ways of accounting for non-permanence in forestry CDM project activities. Temporary CER or tCER is a CER issued for an afforestation or reforestation project activity under the CDM which expires at the end of the commitment period following the one during which it was issued. Long-term CER or lCER is a CER issued for an afforestation or reforestation project activity which expires at the end of its crediting period.
In August 2008 prices for CERS were $20 a tonne. By September 2012, prices for CERS had collapsed to below $5. This was in response to the Eurozone debt crisis reducing industrial activity and the over-allocation of emission allowances under the European Union Emissions Trading Scheme. The Economist described the Clean Development Mechanism as a "complete disaster in the making" and "in need of a radical overhaul". The Guardian also reported the prolonged downward trend in the price of CERs, which had been traded for as much as $20 (£12.50) a tonne before the global financial crisis to less than $3. In October 2012, CER prices fell to a new low of 1.36 euros a tonne on the London ICE Futures Europe exchange. In October 2012 Thomson Reuters Point Carbon calculated that the oversupply of units from the Clean Development Mechanism and Joint Implementation would be 1,400 million units for the period up to 2020. Point Carbon predicted that CER prices would to drop from €2 to 50 cents. On 12 December 2012 CER prices reached another record low of 31 cents.
referenceFull Form | Category |
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Coordinated Ecosystem Research | Academic & Science |
Collegium Educationis Revaliense | Academic & Science |
Center for Educational Restoration | Academic & Science |
Campus Emissions Reduction | Academic & Science |
Comparative Effectiveness Research | Academic & Science |
Center for Economic Research | Academic & Science |
Controlled Environment Room | Academic & Science |
Ceramics | Academic & Science |
Cherbourg | Airport Code |
Commercial Efficiency Ratio | Business |
Corporate Environmental Report | Business |
Capital Expenditure Request | Business |
Centro Retail Group | Business |
Compassionate Emergency Repatriation | Business |
Certified Emissions Reduction | Business |
Certified Emission Reductions | Business |
Certified Endoscope Reprocessor | Business |
Certified Emission Reduction | Certifications |
Certified Emissions Reductions | Certifications |
Comparative Education Review | Community |
Centre for European Reform | Community |
Critical, Essential, Recommended | Community |
Cultural Emergency Response | Community |
Center for Education Reform | Community |
Continuing Education Requirement | Community |
Continuing Education Requirements | Community |
Community Education and Recreation | Community |
Conference of European Rabbis | Community |
Cell Error Ratio | Computer and Networking |
Corporate Error Reporting | Computing |
Core Edge Router | Computing |
Cisco Enterprise Reporting | Computing |
Certificate Export | Computing |
Cursor Engine Resources | Computing |
Certificate Reply | Computing |
Compiler Error | Computing |
Cisco Emergency Responder | Computing |
Cell Edge Router | Computing |
Confidence Error Rate | Computing |
Call Error Rate | Computing |
Compilation Error Message | File Type |
Security Certificate | File Type |
Chugiak Eagle River | General |
Customer Error Reporting | General |
Corresponding Entity References | General |
Claim Evidence Reasoning | General |
Conditioned Emotional Response | General |
Coupon Equivalent Rate | General |
Character Error Rate | General |
Central East Region | General |
Common Eliminated Region | General |
Customer Edge Router | General |
Container Exchange Route | General |
Claim Evidence and Reasoning | General |
Constrained Execution Regions | General |
Central Europe Rally | General |
Classic Endurance Racing | General |
Cold Enrichment Rod | General |
Car Experience Rating | General |
Carbon Emissions Reduction | General |
Campeonato de Espana de Resistencia | General |
Closer Economic Relations | Governmental |
Commission for Energy Regulation (Ireland) | Governmental |
Carbon Emission Reduction | Governmental |
Center for Environmental Research | Governmental |
Center for Energy Research | Governmental |
Change Energy Routine | Governmental |
Commission for Energy Regulation | Governmental |
Centre for Environmental Rights | Governmental |
Clean Energy Regulator | Governmental |
Cambridge Energy Resources | Governmental |
Chief Electrician (radio) | Governmental |
Center of Economic Research | Governmental |
Capability Evaluation Review | Governmental |
Commission of Energy Regulation | Governmental |
Canada Energy Regulator | Governmental |
Canonical Encoding Rules | Maths |
Capsule, Extended Release | Medical |
Center for Evaluation and Research | Medical |
Comparative Effectiveness Review | Military and Defence |
Comprehensive Evaluation Reports | Military and Defence |
Classical Estimation Ratio | Physics Related |
Cherbourg, France | Regional |
Community of European Railway | Regional |
Central East Regional | Regional |
Constrained Execution Region | Softwares |
Crash Error Report | Softwares |
Controlled Energy Release | Space Science |
Cost Estimating Relationship | Space Science |
Posted on 18 Dec 2024, this text provides information on Miscellaneous in Certifications related to Certifications. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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