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Africa has over 120 carbon market projects that are either up and running or in the pipeline in areas ranging from wind power to forestry schemes.
A new assessment published Wednesday shows that however, in comparison to the rest of the world, the continent is still lagging behind, with the potential for clean and green energy largely under-exploited while growth in Clean Development Mechanism (CDM) projects under the Kyoto Protocol remains uneven.
Continue Reading at KBC
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The UN shaved its forecast for 2012 Kyoto Protocol carbon offsets this week, despite a rise in the number issued by its climate change secretariat last month.
Continue Reading at CalgaryHerald
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In a setback to the Municipal Corporation of Chandigarh, legal experts have shot down its proposal to apply for certified emission reduction credits (CER). The civic body was contemplating applying to the United Nations Frame Work Convention on Climate Change for CERs and had sought legal opinion on the issue.
Continue Reading at IndianExpress
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The Land Bank of the Philippines (LBP) has agreed to sell carbon credits sourced from methane-capture projects to the World Bank, giving the state-run bank additional revenues of around 2.44 million euros over four years.
Continue Reading at GMAnews
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The Land Bank of the Philippines has agreed to sell carbon credits sourced from methane-capture projects to the World Bank, giving the state-run bank additional revenues of around 2.44 million euros over four years.
Continue Reading at BWorldOnline
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The global trade in carbon credits has taken off fairly well with the turnover going up from $11 billion in 2005 to $118 billion in 2008. Carbon markets investments planned have exceeded all expectations. But the resistance to the idea seems to be gathering steam with many in the developed countries pointing out procedural deficiencies and arguing that carbon trading will confer unfair advantages on companies in developing countries like China and India, the major sellers of carbon credit.
Continue Reading at FinancialExpress
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Mawana Sugars has entered into an agreement with multilateral lending agency Asian Development Bank for selling three lakh CERs or carbon credits worth $6.24 million by 2012, a top company official said today.
Continue reading at Business-standard.com
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India Inc sells a third of carbon credits to middlemen at low rates.
This is yet another case of middlemen making hay while the sun shines. India may be the second largest country after China in terms of carbon credit generation, but experts say Indian companies are unable to take full advantage of this. They end up selling almost a third of the credits generated to middlemen at very low rates.
Continue reading at Business-standard.com
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MEXICO CITY – Mexican firm Petrotemex has been awarded certified emission reduction credits, commonly known as carbon credits, by the United Nations for reducing the amount of greenhouse gases it releases into the environment by 260,000 tons annually, its parent company, the Alfa SAB consortium, said.
Continue reading at Laht.com
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LONDON, Nov 16 (Reuters) – EDF Trading has signed a deal with renewable energy company Bionersis to buy carbon credits from four landfill gas projects in Latin America for an undisclosed amount, the EDF (EDF.PA: Quote, Profile, Research) subsidiary said on Monday.
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| Sourced From Forbes.com |
NEW YORK, Oct 27 (Reuters) – World Energy Solutions Inc <XWES.O> said Tuesday it brokered a 10-year carbon credit deal between a Chinese developer of emissions-cutting projects and an Australian clean energy marketer.
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* Q3 pretax loss $1.4 mln vs $6.8 mln yr-ago
* 9-mos sales almost double
* Shares up 5.8 pct at 7.30 crowns at 1033 GMT.
LONDON, Oct 29 (Reuters) – Clean energy project developers Tricorona <TRIC.ST> posted a third quarter pre-tax loss of 9.8 million Swedish crowns ($1.39 million) on Thursday, and trimmed its 2012 emissions offset portfolio by 27 percent.
Continue Reading on ThomsonReuters
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* Regulatory, political & credit risks may kill CDM pre-2012
* Industrial gas projects most risky; poor nations best bet
* Sellers looking for good credit ratings, snubbing banks
By Michael Szabo
LONDON, Oct 23 (Reuters) – A combination of investment risks threatens to almost completely obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme’s first phase is due to end.
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| Sourced From Risk.net |
Gazprom Marketing & Trading (GM&T), a subsidiary of Russian gas company Gazprom, has partnered with renewable energy firm ecolutions to develop emissions-reduction projects in China.
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| Sourced From Proactiveinvestors.co.uk |
EcoSecurities Group PLC (AIM: ECO) has agreed a 100 pence cash offer from JPMorgan Chase & Co (NYSE: JPM) unit Carbon Acquisition Company Ltd, valuing the carbon credits specialist at £122.9 million.
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