Global News

CDM board registers second-ever forestry project

11 March, 2009

The second afforestation project has made it through the Clean Development Mechanism system, which critics argue illustrates the failure of the carbon market to support such projects.

Project-based deals

06 March, 2009

Recent project-based deals in the carbon market.

Hungary freezes GIS investments

06 March, 2009

WWF has slammed the Hungarian government for delaying investment of revenues from Assigned Amount Unit sales into green projects.

EU enviro ministers duck decision on climate financing

04 March, 2009

European environment ministers failed on Monday to agree how much money should be set aside to help developing countries tackle climate change, and what financial mechanisms should be used to raise it.

Figueres joins IDEAcarbon

04 March, 2009

IDEAcarbon has appointed Christiana Figueres as vice-chairwoman of its Carbon Rating Agency, and chairwoman-designate of Carbon Rating Agency USA.

Chicago exchange to list US voluntary credits

25 February, 2009

The Chicago Climate Futures Exchange has listed futures contracts for carbon offsets registered under the US Climate Action Reserve.

IETA calls for clarity on dam carbon credits

25 February, 2009

The International Emissions Trading Association has called for greater certainty and harmonisation of how EU member states treat carbon credits from hydropower projects.

CDM board tackles project backlog

18 February, 2009

At its 45th meeting in Bonn last week, the Clean Development Mechanism’s Executive Board reached decision on 143 projects – a massive number, more than twice those covered in the same meeting last year.

Generation ups stake in Camco

18 February, 2009

Sustainable investment firm Generation Investment Management has increased its stake in project developer Camco, boosting the London-listed firm’s share price by 9%.

Tricorona posts record profits, but warns on CER delivery

18 February, 2009

Swedish project developer Tricorona has warned it may cut the supply of credits from its portfolio of Clean Development Mechanism projects in 2009, if prices continue to be depressed by the global economic climate.

S&P mulls carbon delivery rating service

18 February, 2009

Ratings agency Standard & Poor’s is considering launching a project rating service for emissions reduction projects, in an effort to address what it sees as a continuing lack of transparency in the carbon markets.

Enecore opens London office

18 February, 2009

Emission project services firm Enecore has opened an office in London this week.

Turkey ratifies Kyoto, looking beyond 2012

11 February, 2009

The Turkish parliament last week voted to ratify the Kyoto Protocol, a move which will help its participation in climate talks, but has no real impact on the country.

Skills shortage poses ‘Enron risk’ for carbon market

11 February, 2009

The rapidly growing industry to manage greenhouse gas emissions is suffering from a profound skills shortage, according to a global survey of those involved in the sector.

Epic climate change lawsuit draws to a close

11 February, 2009

Two government agencies set up to encourage US exports have settled a seven-year lawsuit by promising to take action on the greenhouse gas emissions resulting from the projects they support.

Voluntary carbon buyers plump for cheaper offsets

09 February, 2009

The voluntary carbon market has withstood recessionary pressures better than the regulated carbon markets in recent months, but participants have warned that buyers are edging towards offsets from the cheaper end of the spectrum, and most expect growth rates to decline this year.

Japan’s AAU negotiations heat up

09 February, 2009

Negotiations between the Japanese and east European governments over the sale of Assigned Amount Units have stepped up, with a deal between the Czech government and Japan’s purchasing agency, New Energy and Industrial Technology Development Organization, almost complete.

Man liquidates carbon fund, while traders launch Sharia-compliant fund

09 February, 2009

One of the largest carbon funds raised is set to return the money to investors, having failed to close any deals.

Project-based deals

09 February, 2009

Recent project-based deals in the carbon market.

Markit to acquire TZ1 carbon registry

04 February, 2009

UK-based financial services company Markit has is to buy the TZ1 carbon registry in a deal valued in the region of $35 million.

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