Some people have good reason to be shocked that banks have pulled out of the carbon market, not least recent economics graduates whose dissertations on carbon finance now qualify them only for unemployment. And JP Morgan, which paid a jaw-splitting $204m for carbon trader Ecosecurities last September, must be feeling a little sore. Perhaps it relied on the GHG Emissions Credit Trading report (yours for a mere $397), which predicts a $4.5 trillion carbon market by 2020.
Continue Reading at Guardian
Posted on January 31, 2010
· in USA
13 January 2010 | The Copenhagen Accord may have disappointed many of us, but it also yielded agreement on the need to develop financing mechanisms for reducing greenhouse gas emissions from deforestation and forest degradation (REDD). For REDD to work, however, investors will have to be on board – and for that to happen, the forestry markets will have to become more transparent and trustworthy.
Continue Reading at EcosystemMarketPlace
Posted on January 22, 2010
· in USA
The forest carbon market is now two decades old but the bulk of its 20-million-tonne contribution to carbon sequestration and emissions reduction has come in the last three years – despite the global financial crisis and recession. This picture emerges from the ‘State of the Forest Carbon Markets’ report released by Ecosystem Marketplace (ESM) this week. Its landmark report appears the best attempt yet at a comprehensive estimate of the volumes and value in the forest carbon sector worldwide.
Continue Reading at CarbonPositive
Posted on January 20, 2010
· in USA
At Carbon Retirement, we have just published a short piece of research into the efficiency of carbon offsetting through the Clean Development Mechanism, covered by the BBC. It shows that for every £1 spent on CERs by voluntary buyers, 28p goes to the project’s capital expenditure and maintenance costs.
The chart below, from the report, summarises the costs per CER, with the grey chunks representing project expenditure. Project costs total £3.78 per CER, or 28% of the price paid by the final buyer.
Costs in the CDM market, per CER
Continue
Posted on January 4, 2010
· in Learn
The FINANCIAL — The EBRD’s Multilateral Carbon Credit Fund (MCCF) agreed to purchase carbon credits from Ukraine ’s local food fats producer, a plant of Creative Group Holding during the period between 2009 and 2012.
Continue Reading at FinChannel
Posted on January 2, 2010
· in Global
The multilateral carbon credit fund of the European Bank for Reconstruction and Development (E.B.R.D.) will purchase carbon credits from a Ukrainian food fats producer.
Continue Reading at EcoSeed
Posted on December 24, 2009
· in Europe
Putting the power of the market to work to protect forests and fight climate change
PENNSYLVANIA — December 3, 2009 — The Nature Conservancy today launched Working Woodlands, a model forest conservation program that aims to protect forests and fight climate change through an agreement with Blue Source to jointly develop market-based incentives that reward landowners who demonstrate exceptional forest management practices.
Continue reading at Nature.org
Posted on December 17, 2009
· in Press Releases
Investment in new Clean Development Mechanism (CDM) projects is almost certain to fall in 2010 – for the third year in a row – almost regardless of the outcome of the Copenhagen climate talks, according to investors, developers and auditors.
Continue reading at Carbon-financeonline.com
Posted on December 14, 2009
· in Global
The UN clean development mechanism needs a better regulatory framework and a more streamlined decision-making if the system is to be scaled up, according to the World Bank.
Continue reading at Mydigitalfc.com
Posted on December 11, 2009
· in Global
The world of climate change is full of acronyms. The United Nations Framework Convention on Climate Change is better known as UNFCCC. The Clean Development Mechanism, which allows Western companies to fund eco-friendly projects in emerging economies to offset their emissions, is shortened to CDM. And various carbon credits worldwide are referred to as EUAs, CERs, and VERs. If policymakers get their way at the Copenhagen summit, another acronym will enter the fray. On deck is the so-called REDD, or Reducing Emissions from Deforestation and Forest Degradation.
Continue reading at Businessweek.com
Posted on December 10, 2009
· in Europe
JAKARTA, Dec 1 (Reuters) – Indonesian plans to set up a carbon trading market potentially worth billions of dollars to protect rain forests may fail because of widespread corruption in its forestry sector, Human Rights Watch said on Tuesday.
Continue Reading on Reuters
Posted on December 2, 2009
· in Asia
| Sourced From News.smh.com.au |
Australia and other countries should avoid carbon trading with Indonesia unless it cracks down on widespread corruption in its forest industry, a new report warns.
Continue
Posted on December 1, 2009
· in Australasia
| Sourced From Manilastandardtoday.com |
A landfill that will take in about 40 percent of Metro Manila’s garbage has qualified to receive cash under the carbon finance program of rich countries.
Continue
Posted on November 5, 2009
· in Global
| Sourced From Istockanalyst.com |
Last chance before Copenhagen climate negotiations for industry and governments to meet
SINGAPORE, Oct. 27, 2009 (PRNewswire-Asia) — Dr. Yvo de Boer, Executive Secretary of the UN agency in charge of the Kyoto Protocol, has just confirmed that a representative from their Accreditation and Project Assessment unit will be meeting with carbon buyers and sellers in China, in a last chance for the industry to meet before the Copenhagen climate negotiations determine a successor to the current treaty expiring in 2012. Ms. Maria Laura Vinuela will be joining them at the World Carbon Conference in Beijing together with China’s NDRC Energy Research Institute, the European Commission, and likely representatives from the Indian negotiating team and the World Bank. Ms. Vinuela will be meeting with CEOs and Managing Directors from across the worldwide carbon finance industry to gain feedback on the project registration process and provide updates on the latest developments in the current carbon trading framework.
Continue
Posted on November 5, 2009
· in Global
| Sourced From ABNnewswire.net |
Beijing, Oct 26, 2009 (ABN Newswire) – Dr. Yvo de Boer, Executive Secretary of the UN agency in charge of the Kyoto Protocol, has just confirmed that a representative from their Accreditation and Project Assessment unit will be meeting with carbon buyers and sellers in China, in a last chance for the industry to meet before the Copenhagen climate negotiations determine a successor to the current treaty expiring in 2012. Ms. Maria Laura Vinuela will be joining them at the World Carbon Conference in Beijing together with China’s NDRC Energy Research Institute, the European Commission, and likely representatives from the Indian negotiating team and the World Bank. Ms. Vinuela will be meeting with CEOs and Managing Directors from across the worldwide carbon finance industry to gain feedback on the project registration process and provide updates on the latest developments in the current carbon trading framework.
Continue
Posted on October 27, 2009
· in Press Releases
