India, which has accumulated
750 million certified emission reductions(Cers), is backing Brazil's position on this.
In the initial phase, some of these were interested in buying Cers from projects in India or China,
which were not obliged to make reductions.
The Executive Body of CDM registers the project and issues credits,
called Certified Emission Reductions(Cers), or carbon credits,
where each unit is equivalent to the reduction of one metric tonne of.
The Executive Body of CDM registers the project and issues credits,
called Certified Emission Reductions(Cers), or carbon credits,
where each unit is equivalent to the reduction of one metric tonne of CO2 or its equivalent.