Climex was among the first trading platforms to offer cleared EUA and CER Spot Trading. In addition, we have successfully introduced Auctions of EUAs, as well as CERs, ERUs and VERs.

Carbon Credits have been a fast-growing market in Europe since their introduction under the Kyoto Protocol in 2005. Trading Carbon Credits help to reduce carbon pollution and stimulates sustainable development.

From the very beginning, Climex has been actively involved in creating a transparent, world-wide marketplace for trading and auctioning the various emission reduction certificates.

European Allowances (EUAs)
EUAs are CO2 emission certificates as allocated to European industries by the EU and national governments. Companies exceeding their allowances may buy extra EUAs, while companies with excess EUAs can sell them. The Climex Spot Exchange provides an easy-to-use and secure online trading platform.

Certified Emission Reductions (CERs), Primary and Secondary
Under the Clean Development Mechanism (CDM) of the UN, CERs are certificates of clean energy and sustainable development projects in developing countries. They may be used – within limits – by European industries to comply with their quota of emission rights, thus creating extensive investments in CDM projects in countries like India, Brazil and others.

The distinction between Primary and Secondary CERs indicates whether the certificates are bought from the CDM project directly (Primary) or indirectly, through a third party (Secondary). While Primary CERs entail more risk, Secondary CERs are expected to play an important role in the European carbon market. The Climex Spot Exchange offers cleared spot trading, not only for EUAs but for CERs as well.

If you want to know what the Climex Policy is towards CER credits from different type of products and methodologies like HFC and large Hydro, please read the CER Policy document.

Emission Reduction Units (ERUs)
Instituted under the same principle as CERs, ERUs are certificates of clean energy and sustainable development projects in Central and Eastern Europe. ERUs, too, be may used by European industries for compliance – again, within limits. As soon as ERUs can be delivered in a register, they will be tradable on the Climex Spot Exchange besides EUAs and CERs.

Verified Emission Rights (VERs)
Since their introduction five years ago, VERs have been a booming market world-wide. As VERs concern voluntary carbon offsets, they are not verified by a UN framework. Instead, a number of standards have been introduced to qualify VERs, such as ISO 14,065, the Voluntary Carbon Standard (VCS), the GHG Protocol, VER+ and the Gold Standard. Climex was the first Exchange in the world to organize VER auctions on a regular basis.