Global News

IMO takes the helm on GHG emissions

31 March, 2010

New ships will have to meet efficiency standards in future, an International Maritime Organization meeting concluded last week, as momentum was renewed on possible market-based measures to control the sector’s greenhouse gas emissions.

ACR opens for oil and gas sector projects

31 March, 2010

A methodology to quantify reductions from offset projects that capture methane emissions from oil and gas production has been approved by the American Carbon Registry, with the first project already underway.

Sindicatum prepping $100m-plus fund-raising

24 March, 2010

Sindicatum Carbon Capital is planning an equity financing round of at least $100 million, ahead of either an initial public offering or a new carbon fund.

Short-covering boosts near-term CER prices[free access]

24 March, 2010

A decline in certified emission reduction issuance rates may be driving carbon market participants to cover near-term short positions, narrowing the spread between 2010 and 2012 CER futures, said IDEAcarbon.

Tricorona’s largest shareholder rejects takeover bid

24 March, 2010

Tricorona shareholders have until 13 April to approve a takeover bid from Swedish environmental technology firm Opcon, but investors holding 20% of the stock remain against the move.

Climate Investment Funds to channel $40 billion to developing countries – World Bank

24 March, 2010

Around $40 billion could be mobilised for low-carbon growth in developing countries via the Climate Investment Funds, according to Katherine Sierra, vice-president for sustainable development at the World Bank.

Stern calls for nations to find an extra “few billion tonnes” of cuts

17 March, 2010

Countries’ promises to cut greenhouse gas emissions through the Copenhagen Accord are “a few billion tonnes short” of what is needed to give the planet a reasonable chance to keep rising temperatures within the 2°C watershed, said prominent climate economist Nicholas Stern, calling on governments to up their pledges.

European volumes boost Climate Exchange results

17 March, 2010

Strong trading volumes in Europe helped Climate Exchange post its first profit after tax, according to its annual results for 2009 announced on Friday.

EcoSecurities to close US, Asian offices

10 March, 2010

Project developer EcoSecurities is closing its offices in the US and an array of Asian offices, sources close to the company have told Carbon Finance.

IETA attempts to put flesh on the sectoral crediting skeleton

10 March, 2010

The International Emissions Trading Association has proposed three possible design options for a sectoral crediting mechanism, in response to what it says is a lack of attention paid to a potentially crucial part of the post-2012 carbon market architecture.

Project-based deals

10 March, 2010

Recent project-based deals in the carbon market.

Poland sells AAUs worth €28m to Japanese firm

03 March, 2010

Poland has sold carbon credits worth €28 million to an unnamed Japanese private sector buyer.

Survey shows gloom across carbon markets

03 March, 2010

Respondents to a major survey of the carbon markets have found higher levels of pessimism this year than last, with just a third expecting a global climate change agreement in Cancun later this year.

S&P, Point Carbon mull offset project risk assessment

03 March, 2010

Ratings agency Standard & Poor’s and Norwegian analysis firm Point Carbon may launch services to assess risk in carbon offset projects.

Copenhagen outcome hampers action on ship emissions

03 March, 2010

Ahead of the International Maritime Organization’s environment committee’s first meeting since the UN climate talks in Copenhagen, observers have warned that a lack of guidance from the talks is holding back progress on limiting greenhouse gas emissions from shipping.

Analysts expect profitable 2010 for Camco

24 February, 2010

Carbon market equity analysts expect project developer Camco to return to profitability this year, after a major write-down pushed the London-listed firm into the red last year.

TEP to target US after merger fails

24 February, 2010

Shareholders have blocked a plan to merge Trading Emissions Plc and Leaf Clean Energy.

Sberbank cracks door open for Russian JI projects

24 February, 2010

Project developers cautiously welcomed a tender for approval of Russian Joint Implementation projects, although some expressed concern at limitations placed on the number and type of projects to be approved, and uncertainty over whether the tender is a one-off or the first of many.

Cheaper carbon dents Tricorona’s profits

17 February, 2010

Lower carbon prices last year dragged down profits at takeover target Tricorona’s emissions trading business by 13%, while continued delays in the Clean Development Mechanism registration and issuance processes forced the Swedish firm to write-down 19% of its pre-2012 carbon credit portfolio.

Polish afforestation project set to produce 500,000 voluntary credits

17 February, 2010

Canadian offset project developer Carbon Friendly Solutions is planning an afforestation project in northern Poland that could generate 500,000 voluntary carbon credits.

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