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The Global Carbon Market: Market and Price Trends Matthias Knab reports live from London: The first London EDUnar, hosted by ABN AMRO, unveiled a new concept in investor education and networking. Designed as a half day event, the premier EDUnar attracted over 200 attendants to listen to high profile speakers and panels. Here is my summary:

Neil Eckert, Chairman of the European Climate Exchange on the Global Carbon Market

The global carbon market was developed as a result of the need for nations and individual emitters to comply tiwh greenhouse gase (GHG) emission targets. Carbon credits can be emission allowances assigned for achieving reductions or credits generated by mitigation projects. Their utility and financial value depends on their fungibility across different carbon markets:

• AAU (Assigned Amount Unit) – Issued under the Kyoto Protocol to governments. This measure is used be governments to show national level compliance with Kyoto.
• CER (Certified Emissions Reduction) – Generated through Clean Development Mechanism projects in the developing world.
• ERU (Emission Reduction Unit) – Generated through Joint Implementation (JI) projects in the developed world. Both CER and ERU are measures is used by government to show national level compliance with Kyoto and capped GHG emitting industries in a national or international emission trading system (ETS).
• EUA (EU Allowance) – Issued by individual EU member states under national allo......................

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