Global News

‘Strategic review’ sees EcoSecurities shrink global footprint

03 February, 2010

Leading project developer EcoSecurities is to close an undisclosed number of its offices around the world, following the completion of a strategic review carried out by its new owner, JP Morgan.

Natixis mulls putting post-2012 fund on hold

03 February, 2010

Natixis Environnement & Infrastructures is considering postponing fund-raising for its post-2012 carbon fund until there is more clarity on future climate policy, Carbon Finance has learned.

Carbon market value to grow 33% in 2010

03 February, 2010

The carbon market will be worth €121 billion worldwide in 2010, up 33% on the value of all carbon transactions in 2009, according to a report by Point Carbon.

Copenhagen has set stage for transformation of CDM – Newcombe

27 January, 2010

One of the most trenchant critics of the Clean Development Mechanism has described CDM reforms agreed at Copenhagen as “spectacular”, and argued the foundations have been laid for the fortunes of the mechanism to be transformed.

Developing country voluntary markets likely after Copenhagen – ACR

27 January, 2010

The Copenhagen Accord is likely to encourage the emergence of voluntary carbon markets in large developing countries which involve domestic buyers as well as offset sellers, according to a director of the American Carbon Registry.

Ozone layer projects could generate VCS credits

27 January, 2010

The Voluntary Carbon Standard Association has paved the way to issue carbon credits for destruction of substances that deplete the ozone layer – and have a high global warming potential.

Camco shares jump 20% as cash balance exceeds expectations

20 January, 2010

Project developer Camco’s share price has jumped 22% in the past two days following a positive trading statement on Monday, which revealed its cash balance was some €10 million more than expected.

E.ON and Masdar join forces to develop CDM projects

20 January, 2010

German utility E.ON has launched a joint venture to develop carbon projects with Masdar, Abu Dhabi’s state-owned renewable technology firm.

Carbon market may decline in 2010 – BNEF

20 January, 2010

The global carbon market continued to grow in 2009, but could face its first decline in 2010, according to analysis firm Bloomberg New Energy Finance.

TFS eyes less voluntary, more programmatic projects

20 January, 2010

Brokerage TFS Green is restructuring its business to focus more on programmatic Clean Development Mechanism projects and less on the voluntary market, Carbon Finance has learned.

Climate Exchange to become takeover target?

13 January, 2010

A leading carbon analyst has suggested that Climate Exchange is likely to become a takeover target if a US federal cap-and-trade programme is introduced – which would send its already high valuation soaring.

BlueNext holds first ERU auction

13 January, 2010

The first auction of carbon credits from Joint Implementation projects took place on Friday.

Carbon market lobby group appoints new director

13 January, 2010

The Carbon Markets & Investors Association has appointed Miles Austin as its new director, effective on 1 February.

Leading carbon analyst launches hedge fund

06 January, 2010

A prominent carbon and energy analyst is seeking €50 million ($72 million) for a new energy and carbon arbitrage hedge fund.

Last-minute let down for REDD at Copenhagen

23 December, 2009

Countries pushed ahead on a framework to reduce emissions from deforestation and forest degradation (REDD) at this month’s UN climate conference, but this was not reflected in the hastily formed Copenhagen Accord.

Camco signs another carbon commercialisation deal

23 December, 2009

Camco has sold 2.5 million certified emission reductions to an unnamed buyer, for a profit of at least €6 million.

Camco sells 2.1m CERs in forward deal

16 December, 2009

Emissions reduction project developer Camco has sold 2.1 million certified emission reductions to an undisclosed buyer, giving the company profit of €9.8 million before fees.

World Bank closes in on $200m for Programmatic CDM fund

16 December, 2009

The World Bank is expecting to shortly reach a first close for a new fund that aims to kickstart the emerging market for ‘programmatic’ Clean Development Mechanism projects.

IETA unveils new draft master trading agreement

16 December, 2009

The International Emissions Trading Association has unveiled a draft international emissions trading master agreement, designed to reflect the anticipated globalisation of emissions trading.

Pre-CDM credits ‘unjustifiable’ for offsetting – broker

16 December, 2009

Selling early credits from Clean Development Mechanism as carbon offsets is threatening the credibility of the voluntary carbon markets, according to some participants.

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