Certified Emission Reduction (CER) - Definition, glossary, details
CER’s are carbon credits issued by CDM executive board for the CDM
projects aimed at reducing greenhouse gases in the atmosphere. One CER is
equivalent to 1 ton of CO2 avoided. It is defined under article 16
of the Kyoto protocol. CERs can be held by private entities or governmental
organizations in electronic accounts with the United Nations. This can be used
by Annex I countries (as mentioned in Kyoto protocol) to comply with their
emission reduction targets under Kyoto protocol.