Policy Paper: The Emerging Spot Market for Certified Emission Reductions

It is expected that the CDM Executive Board will soon starting issuing CERs. This paper sets out the requirements that need to be met to enable governments and businesses to trade in CERs. If these efforts are neglected, the development of a spot market for CERs may take another one to two years. It may also be necessary to allow parking of CERs in the pending account of the CDM Executive Board until the conditions for transferring them to their destinations have been met.

JIKO policy papers are written and published by the Wuppertal Institute on behalf of the German Environment Ministry (BMU). The positions expressed in this policy paper are strictly those of the authors and represent neither the opinion of the Wuppertal Institute nor of the BMU.