CCFE Certified Emission Reduction
From MarketsWiki
CCFE Certified Emission Reduction Futures and Options (CERs) are transferable instruments issued by the executive board of the Clean Development Mechanism as operated under the Kyoto Protocol to the United Nations Framework Convention on Climate Change. Temporary Certified Emission Reductions (tCERs) are not acceptable for delivery. A tCER is a CER issued for an afforestration or reforestration project that expires at the end of the commitment period following the period during which it was issued.) Until such time as the United Nations’ International Transaction Log is operational, the CER futures contract will be cash settled.[1]
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| Certified Emission Reduction futures | ||
|---|---|---|
| Exchange | CCFE | |
| Settlement | Cash settled | |
| Trade Unit | 1,000 CERs, representing 1,000 metric tons of CO2 | |
| Point Value | $10 | |
| Tick Value | $10 | |
| Contract Months | Mar, Jun, Sep, Dec for six consecutive contracts; plus, front two serial calendar months; plus, annual December contracts through 2012 | |
| First Notice Date | First business day after contract expiration | |
| Last Trading Day | Cash: Last Monday of the contract month; Physical: Third-to-last business day of expiration, except for April. For April, fifth-to-last business day before expiration. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | 7:00AM - 3:00PM USA Central Time |
| Ticker Symbol | N/A | CER |
| Price Limits | N/A | N/A |
Notes
CERs are tradable instruments, issued under the United Nations Clean Development Mechanism, for approved and verified greenhouse gas (GHG) emission reduction and sequestration projects undertaken in developing countries.
The Kyoto Protocol allows national and corporate GHG reduction goals to be met through the use of CERs.
