Jun

27

EcoSecurities Registers the Largest Project Under the Gold Standard

Filed Under Cap and Trade, Carbon Credits, Carbon Market, Carbon Offsets, Carbon allowances | Leave a Comment

EcoSecurities, a leading company in the business of sourcing, developing, and trading carbon credits from greenhouse gas emission reduction projects, announces the registration of the Rotor Elektrik Uretim wind farm in Osmaniye, Turkey, under the Gold Standard in May 2009.Zorlu Enerji has constructed the first phase of the project, which currently has 15 turbines in place. The wind farm will become operational in the next few weeks and has an installed capacity of 37.5 MW. During the course of this year and into 2010 a further 29 wind turbines will be installed resulting in 54 wind turbines in total, with an installed capacity of 135 MW, saving around 300,000 tonnes of carbon dioxide (CO2) per year. Read more

Mar

2

EU Countries selling AAU “Hot Air”

Filed Under Assigned Amount Units (AAUs), Carbon Credits, Carbon Markets, Carbon Trading | Leave a Comment

Guardian reports that desperate countries take desperate measures:

Through the most opaque of the emissions trading schemes under the Kyoto climate change pact, nations comfortably below greenhouse gas targets can sell excess emissions rights to other countries in the form of credits called Assigned Amount Units (AAUs).

Critics call them “hot air”, arguing that most were generated through restructuring in eastern Europe in the 1990s, when polluting industries in ex-communist countries were shutting anyway, rather than by new investment in clean energy.  Read more

Mar

2

Finland Buys Carbon Credits from China

Filed Under Carbon Credits, China, Finland | Leave a Comment

Finland said Monday it has signed a contract with a Chinese company to purchase 1.4 million tonnes of carbon dioxide credits over ten years from 2009.     The project is designed to promote the use of methane fermentation reactors and cooking utensils in a mountainous area in China’s south central Hunan Province. The reactor can convert organic waste materials such as livestock excrement to methane.

    According to the Clean Development Mechanism (CDM), a key component of the Kyoto Protocol, a country with an emission-reduction or emission-limitation commitment under the Protocol could implement an emission-reduction project in developing countries.  Read more

Mar

1

Hungary to swap carbon credits for budget relief

Filed Under Carbon Credits, Carbon Trading | Leave a Comment

This is a big no-no in the eyes of the green community:

Mr Imre Szabo, the Minister of Environment, announced that ‘the Ministry will cut its annual budget this year by freezing 67 million Euros from its 2009 Kyoto carbon trading revenues.’

The Hungarian government already has a track-record in undermining carbon trading revenues, WWF said. Although the Ministry of Environment had prepared the draft of the National Allocation Plan for the years 2008 to 2012 a year ago, Read more

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