Certified Emissions Reductions, the project-based offsets traded under the UN's Clean Development Mechanism (CDM), hit record lows this week, pushed lower by tumbling European Union carbon prices.
Benchmark CERs trading on the European Climate Exchange fell to 9.30 euros a tonne on Wednesday, down 62 percent from an all-time high of 24.38 euros in July 2008. EU Allowances for delivery in Dec. 2009 also set a record, dropping below 10 euros for the first time.
The CDM pipeline still shows the disparity that exists between countries (& contintents) that are involved in CDM. You can find this table from the UN's Risoe Center: Table (MS Excel File)
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