Trading in carbon emissions to check global warming - The Times of India

Going by the current international rate, one CER fetches up to 9 euro in Chicago and European Union Trading Scheme, informed advisor of C-Quest Capital AS Gill while talking to TOI on Monday.

The company generates CERs by implementing emission reduction projects. He said due to rapid pace of industrialization across the globe there had been excessive release of Green House Gases (GHG) in the atmosphere resulting in global warming and climate changes which eventually leads to incidents like tsunami etc which plays havoc to human life, so all countries were under pressure from UNOs monitoring agencies to minimize the release of GHG.