Washington, DC , June 15, 2009 – The World Bank as Trustee for the Adaptation Fund completed the second sale of certified emission reductions (CERs) during the second week of June, 2009. This was the second set of transactions carried out as part of the World Bank’s program to monetize CERs for the Adaptation Fund.
The 500,000 tons of CERs were sold at an average price of €11.46 per ton. Bank of America Merrill Lynch (“Merrill Lynch Commodities Europe Ltd”) was appointed as the dealer for the sales. The end buyers of the CERs were widely diversified across sectors and regions and included corporate carbon off-setters as well as entities complying with the European Union Emissions Trading Scheme (EU ETS).
Media contact: World Bank: Angela Furtado, Washington D.C., Tel. 202-473-1909, Afurtado@worldbank.org