The auction of carbon offsets organized by Camco International yesterday, turned out to be a huge success. to companies looking to meet their greenhouse gas reduction targets under EU’s regulations. According to Camco, the auction was over-subscribed 4 times and the offsets were valued at over 15 euros a ton.

The was higher on the , but not all projects linked to the Camco auction were registered under a UN Kyoto Protocol scheme.

Camco is one of the leading providers of CERs to companies whose emissions have been capped under the EU ETS and to those in developed countries trying to stick to emission goals under the UN’s Kyoto Protocol.

Tags: Camco, Camco International, CDM, CER, EU ETS, Offset Auction

closed a big, big carbon offsets deal on Tuesday, that brought the company a profit of $2.6 million. The company refrained from mentioning the buyer of these Certified Emissions Reductions (CERs) but confirmed the transaction took place at an average price of $28.39 per tonne. Camco enjoyed a 3.3% increase in its share price after the news broke out.
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Tags: Camco, Carbon Offsets, CER, CERs, China, Emissions Reductions, Jeff Kenna, Shanxi, UN