CCX Auctions CERs from India

For the first time the Chicago Climate Exchange auctioned Clean Development Mechanism Certified Emissions Reductions (CERs). The CERs were issued to a wind energy farm in Satara and Supa in Western India that is managed by Tata Motors. The auction was oversubscribed, with total bid quantities equal to 13.3 times the offered quantity. The auction clearing price was $22.11 per CER. "We are extremely pleased with the CCFE CER auction results. The auction exceeded our expectations relative to the number of bidders, bids and prices." said Dr. Richard L. Sandor, Chairman and CEO, CCX. "We will continue to welcome sellers of Certified Emissions Reductions from India, China, and South America to participate in future auctions."

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