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What is the meaning of CER and what is the current rate of CER ?

April 26, 2017CER rate

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What is the meaning of CER and what is the current rate of CER ?

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Ans. CER stands for Certified Emission Reductions. In simple words, One CER may be defined as the absorption of 1 tone of carbon dioxide from atmosphere or non-emission of 1 tonne of carbon dioxide to atmosphere. The present rate per CER is @ 10 Euro. Yet USA has not signed Quoto Protocol. After USA signs, rate of CER is expected to rise very high.