Certified emission reduction

The UNFCCC's International Transaction Log has already validated and transferred CERs into the accounts of some national climate registries,[1] although European operators are waiting for the European Commission to facilitate the transfer of their units into the registries of their Member States.

The Economist described the Clean Development Mechanism as a "complete disaster in the making" and "in need of a radical overhaul".

[3] 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.

[4] In October 2012, CER prices fell to a new low of 1.36 euros a tonne on the London ICE Futures Europe exchange.

[7] In recent times and in an attempt to highlight the drawbacks of carbon offsetting schemes, the term "emission reduction" or "certified emission reduction" is used to design common carbon offsets that may be certified by organizations such as Gold Standard or Verra.