Trading Emissions- a UK based company that undertakes investments in environmental and emissions assets has revised its estimates pertaining to the size of its portfolio of Certified Emissions Reductions (CER) to be received by 2012. At the end of 2007, they had expected 57.04 mn CERs, but now it has cut down its portfolio to 55.17 mn CERs.
According to analysts, the cut will not have much of an impact due to the rise in the selling prices and also because Trading Emissions has increased its contracted CER portfolio which now stands at 53.7 mn as compared to 51.5 mn in December 2007.
CERs are emission credits under the United Nation’s Clean Development Mechanism that was created under the Kyoto Protocol to help developed countries meet their emission targets at relatively affordable costs by investing in environmental projects in developing nations.
