Climex News Update

By Katherine Hamilton and Thomas Marcello
In the classic comedy The Producers, an unscrupulous businessman sells one product to scores of investors, each of whom believes they are the sole owner. In ecosystem markets, we call that "double counting" – and it's what registries have been set up to prevent. The Ecosystem Marketplace takes stock of carbon credit registries in the voluntary markets; see here.

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Thursday, May 8 - 21:45

Climex: first trade in 'gold standard' voluntary credits

Posted by Jos Cozijnsen in Voluntary

Cologne, 7 May 2008 – Climex today announced the first Gold Standard exchange-traded carbon offset transaction was completed on its new Voluntary Platform. In the transaction, Rabobank purchased Gold Standard Verified Emissions Reductions (VERs) from Tricorona. APX serves as the registry provider and administrator of The Gold Standard VER Registry TM. The APX platform allows participants to originate, track, manage and retire carbon commodities. Climex, the Netherlands-based carbon exchange, recently launched a continuous electronic trading platform for VERs, which is now linked to the Gold Standard Registry. The APX registry system makes it possible to transfer VERs in a quick, transparent and reliable way from one owner to the next in a transaction.

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Worldbank: "Carbon Market grows 50%; CO2 reductions only 7%

Posted by Jos Cozijnsen in

The global carbon market more than doubled in value in 2007 to $64 billion, but that masked slow growth in actual greenhouse gas emissions cuts, the World Bank's carbon finance unit said on Wednesday (see report).
One way industrialised nations can buy carbon offsets is by funding greenhouse gas emissions cuts in developing nations, through a UN-led scheme under the Kyoto Protocol, but growth in value is outstripping emissions cuts."It would be a shame for the world to lose this momentum now," said Karan Capoor, head of sustainable development for the World Bank and main author of the report.
While trade under Kyoto schemes more than doubled to $13.4 billion in 2007, volumes of actual carbon dioxide cuts made by registered projects grew just 7 percent (Reuters)

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After Greece now Canada violating UN CO2 Registry rules

Posted by Jos Cozijnsen in Trading

Canada will be investigated on suspicion of violating rules for registering greenhouse gases that are the mainstay of a UN-led fight against global warming, official documents show.
Canada played down the news, saying it was taking quick steps to ensure it complied by the rules.
Ottawa could be suspended from rights to trade carbon dioxide if found to be in breach of the rules by the enforcement branch of the UN's Kyoto Protocol. Greece was suspended last month, the first state to face such a sanction.
"On 5 May 2008 Canada was given an official notification of the decision of the enforcement branch to proceed" with a formal question over compliance with rules on registering emissions, the enforcement branch said in a statement (see here)

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Tuesday, May 6 - 02:44

U.N. sees world climate change deal in 2009

Posted by Jos Cozijnsen in General Interest

MADRID (Reuters) - The world can reach a significant new climate change pact by the end of 2009 if current talks keep up their momentum, the head of the United Nations climate panel said on Sunday.
more stories like this. The United Nations began negotiations on a sweeping new pact in March after governments agreed last year to work out a treaty to succeed the Kyoto Protocol by the end of next year.
"If this momentum continues you will get an agreement that is not too full of compromises," said Rajendra Pachauri, head of the U.N. Intergovernmental Panel for Climate Change, during a seminar at the Asian Development Bank annual meeting in Madrid. Without a deal to cap greenhouse gas emissions around 2015, then halve them by 2050, the world will face ever more droughts, heatwaves, floods and rising seas, according to the U.N. panel (Reuters)

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Monday, May 5 - 16:40

Spot exchanges face tough year after late Phase II

Posted by admin in

Spot exchanges are preparing for a tough financial year following the continued delays in issuing European Union Allowances (EUAs) for Phase II of the trading scheme. With Phase I expired, only four countries out of 27 have allocated the new batch of allowances. “We and other spot exchanges made all the investments to be ready for trading, both CERs and Phase II EUAs, but we don’t have the income. This means we have pre-financed everything, without being able to recover our investments,” Sascha Bloemhoff, commercial director of spot exchange Climex said.

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Friday, April 25 - 07:58

Introduction new employees

Posted by Sascha Bloemhoff in

In January, Walter Lang has taken up the position of Sales Manager. Because of his extensive experience in sales in the Electro Industry, he is an asset to our Sales Team.

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