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Latest Certified Emission Reduction Stories

2010-08-26 11:22:00

New Report Reveals Fatal Flaws in Bank's Justification for Business as Usual WASHINGTON and LONDON, Aug. 26 /PRNewswire-USNewswire/ -- In an effort to justify its participation in perhaps the biggest carbon market scandal to date, the World Bank has dismissed concerns that the UN Clean Development Mechanism's (CDM) HFC-23 projects are generating millions of fake carbon credits. An analysis released today by the Environmental Investigation Agency (EIA), Ethically Bankrupt: World Bank...

2009-09-29 15:03:00

HONG KONG, Sept. 29 /PRNewswire/ -- Carbon Bank Ireland, Ltd., an Irish investment bank, today announced the execution of a joint-venture agreement with the Chinese financial conglomerate, CITIC GROUP, to implement a trading platform for Voluntary Emission Credits (VERs). These will be generated by companies which wish to reduce their carbon emissions in the Peoples Republic of China (PRC). This platform will be the first of its kind in the PRC to harvest VERs from government owned...

2009-03-11 14:03:00

ZURICH, March 11 /PRNewswire/ -- BP Alternative Energy Plc has taken a minority interest in South Pole Carbon Asset Management Ltd., a leading developer of high-quality greenhouse gas emission reduction projects. Since its inception in 2006, South Pole has been profitable and has financed its growth out of the cash flow generated from carbon asset development and related advisory services. Through the investment from BP the company will accelerate its expansion and consolidate its leading...

2008-11-03 09:00:33

French energy major GDF Suez has secured two carbon trading deals relating to hydro projects in China, which are expected to be operational by the end of 2009. The contracts cover a total estimated volume of about 1.6 million certified emissions reduction (CERs) during the 2009-2012 contractual period. The CERs will be generated through one 48MW hydro project in northwest China, and one 99MW hydro project in southeast China. The transaction was formalized with emission right purchase...

2008-09-30 03:00:28

ESPOO, Finland, September 30 /PRNewswire-FirstCall/ -- Fortum will gain approximately 1.5 million tonnes of emission reduction units (ERU) from Joint Implementation projects conducted at the Russian Territorial Generating Company No. 10 (TGC-10). The projects TGC-10 will implement include construction of new power generation facilities in the Tyumen and Chelyabinsk areas, and they will be conducted during the Kyoto Period (2008-2012) of the European Emissions Trading Scheme. (Logo:...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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