Even though USA and Australia has not signed the Kyoto protocol, it become blessing in disguise to developing countries like India, China and Brazil, CDM(clean development mechanism) projects are implemented in these countries with latest technologies with the purchase of the carbon credits by developed countries from these projects (annexure I) to offset the emissions.
Many industries in developing countries which are implementing the CDM, looking at the prices of the European union have not realizing the right prices to the CER (carbon emission receipts) due to the currently thriving OTC(over the counter)markets buying the CERs at lower prices than provided by the buyer. Establishment of the European Climate Exchange (ECX) a subsidiary of Chicago Climate Exchange (CCX) is the place where the sellers get right price for CERs they sell at present.
Commodity exchange is the best places to get fair prices to the CERs. Multi commodity exchange (MCR) which deals with various commodities is right place to market the CER Multi commodity exchange (MCR) can tie up with CCX by launching the carbon financial instrument is the right plat form for efficient price for the CERs
Many industries in developing countries which are implementing the CDM, looking at the prices of the European union have not realizing the right prices to the CER (carbon emission receipts) due to the currently thriving OTC(over the counter)markets buying the CERs at lower prices than provided by the buyer. Establishment of the European Climate Exchange (ECX) a subsidiary of Chicago Climate Exchange (CCX) is the place where the sellers get right price for CERs they sell at present.
Commodity exchange is the best places to get fair prices to the CERs. Multi commodity exchange (MCR) which deals with various commodities is right place to market the CER Multi commodity exchange (MCR) can tie up with CCX by launching the carbon financial instrument is the right plat form for efficient price for the CERs