The monthly issuance in March 2015 comprised 3.9 million certified emission reductions (MCERs), bringing the total issuance to 1,545 MCERs. The voluntary cancellations of CERs in the central registry now total 2.9 MCERs (Fenhann and Antonsen,2015). Israel has the most registered CDM projects in the UNECE region, with 37,followed by Albania (11) and Cyprus and the Republic of Moldova (ten each).