This was the first forward auction of VERs on Climex. One project sold at €3.50. This price included the costs of verification. The other project sold at €3,00. In this price the verification costs were not included.
The next VER auction on Climex is scheduled for 28 August 2008. During this auction around 23,500 Social Carbon VCS VERs from a Fuel Switching to Renewable Biomass project in Brazil will be on offer with vintages from 2008 and 2009. Part of the volume consists of issued VERs and part of the volume will be sold on a forward basis.