Carbon Capital Markets to offer Carbon Credits from United Nations Approved Projects
17 October 2007
Carbon Capital Markets®, a leading carbon trading and asset management company, is to offer issued Certified Emission Reductions (CERs).
The issued CERs will be made available to companies looking to voluntarily offset their carbon footprint as part of their wider environmental and CSR strategies and customer engagement.
Issued CERs are Kyoto compliant carbon credits which have already achieved emissions reductions through United Nations approved projects developed under the Clean Development Mechanism (CDM). This is a procedure of the Kyoto Protocol through which firms in developed countries may finance projects in developing countries to reduce emissions of greenhouse gases. Each issued CER is independently verified to ensure the emission reduction has actually been achieved.
Earlier this year, a UK Government consultation on a Code of Practice for Carbon Offsets recommended the use of Kyoto compliant credits because they meet strict international standards in terms of the certification and monitoring of emissions reductions. This ensures high standards and a transparent audit trail process is imposed on project developers.
Lionel Fretz, CEO of Carbon Capital Markets, said: "We have seen unprecedented demand from businesses who recognise that consideration of climate change is vital when seeking to maintain brand value. They also realise that Kyoto compliant offset products are a valuable part of that, and of a wider environmental strategy to reduce emissions. We can now ensure that the voluntary demand for CERs is met."
Carbon Capital Markets has seen demand for CERs from a wide range of businesses such as food and drinks manufacturers, through to property managers, healthcare and pharmaceutical companies.
Carbon Capital Markets will cancel the CERs on behalf of clients so that they cannot be used again. In addition, Carbon Capital Markets gives a portion of its revenues to local development charities and other community organisations to ensure wider sustainable benefits - such as healthcare and education - are attained in the countries where CDM projects are developed.
Companies that buy offsets from Carbon Capital Markets can be sure they are sourced from projects which make a genuine contribution to mitigating climate change and promoting sustainable development.
Carbon Capital Markets does not charge fees or commission and has streamlined, straightforward contracts. It takes care of all logistics for offset purchases, allowing the buyers to concentrate on their core business.
Carbon Capital Markets
About Carbon Offsetting:
Many businesses now use carbon offsets as a valuable part of a wider environmental strategy to reduce emissions. While the first step is to reduce emissions through energy efficiency, emissions can be effectively balanced through offsetting. However, companies need to be confident that the offsets purchased have real environmental and social benefits.
Carbon Capital Markets will sell credits generated from United Nations approved, sustainable, clean energy projects in developing countries that reduce emissions and improve the standard of living in local communities.
In addition to the environmental benefit of offsetting your company's carbon footprint, there are numerous ways in which it will be of value to your key stakeholders:
Carbon footprint is a key issue for companies in their management of relationships with their buyers and suppliers. Companies throughout the supply chain need to respond to commitments made by market leaders to reduce carbon emissions.
Climate change has reached the consciousness of the consumer, and as a result companies are responding. Companies choosing to operate with a strong environmental policy have a head start in differentiating themselves.
It is becoming common practice for companies to be screened and rated for investment purposes on their responses to climate change. The Carbon Disclosure Project is increasingly influential amongst investors and analysts. Addressing your operational impact on climate change through your company strategy is an important component in maintaining shareholder value.
Leading by example to help prevent further climate change will filter naturally through to your employees. By educating and raising awareness of environmental issues within the workplace, companies have a valuable opportunity to catalyse changes in behaviour and attitude amongst employees.
Taking action on your carbon footprint will be important for your brand positioning as forward thinking and environmentally minded. As media coverage in this area attracts more and more attention, companies are recognising their role in environmental stewardship.
Anticipation of future regulation Although currently only certain industries and countries are regulated, many other companies anticipate wider legislation in the near future and are addressing this requirement in advance by taking voluntary measures to reduce their emissions.
About Carbon Capital Markets
Carbon Capital Markets is an FSA authorised and regulated emissions trading and asset management company with proven expertise in environmental markets and carbon finance. It invests private equity in CDM project activities through its two funds: the Carbon Assets Fund and the China Methane Recovery Fund.
It provides a vertically integrated service to developers, from the initial project concept stage through to final commercialization of the resulting project credits, with combined experience covering Private Equity, Project Finance, Capital Markets, Project and Risk Management, and CDM Policies/Processes.
It is directly involved in the development of the projects in which it invests, mostly Landfill Gas (LFG) and Coal Mine Methane (CMM) projects.
Carbon Capital Markets' investments aim to ensure that sustainable development is achieved through:
Environmental development: generating clean energy in addition to emissions mitigation
Economic development: improving the capabilities and efficiency of local work forces by transferring best management practices from the developed world
Technological development: transferring proven technology such as landfill flaring stations and waste water treatment technology
Social development: co-developing social projects to alleviate poverty and improve the life of local communities