Climex VER Auction of 45,000 pre-CDM VERs

A total of around 45,000 VERs from two small Hydro Projects in China will be on offer in a VER Auction on the Climex Exchange. The auction is scheduled for 17 July 2008.

The pre-CDM VERs stem from 2006 – 2008 vintages and will be validated and verified by TÜV Sued and accredited with the VER+ standard. VCS II is possible on request. The auction will start at minimum prices of €3 and €3.50.

Members of Climex automatically receive full details on the auction and the project. Buyers interested in participating in the auction can contact Climex for more information or register for free membership to the Climex exchange at the website: www.climex.com.

The auction is scheduled for 17 July from 14.00 - 16.30 hours Central European Time. The format of the auction will be open, which means anonymous bids will be visible to all participants.

“With these auctions we offer buyers a direct way to purchase the carbon credits they need, straight from a project and in an easy manner.”, Axel Posthumus, CEO of Climex commented, “The main goal of the Climex auctions is to create standardisation, liquidity and transparency, to optimise the distribution chain and to provide easy access to Carbon Emission Rights at low costs.”