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Latest Certified Emission Reduction Stories

2008-09-26 15:00:38

GENEVA, September 26 /PRNewswire/ -- Mercuria Energy Trading S.A. of Switzerland has won an auction by the Sao Paulo Municipal Government in Brazil of 713,000 certified emission reduction (CER) credits, representing 713,000 tons of CO2 equivalent. The winning bid was 19.20 Euros ($28.20) per credit-a total of over 13.68 million Euros. The auction took place under the framework of the Kyoto Protocol, an international treaty under which signatory nations agree to create a market for carbon...

2008-08-21 09:01:06

SAN DIEGO, Aug. 21, 2008 (GLOBE NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") announces that it has entered into an agreement to begin the due diligence process of acquiring a 49% (forty-nine) interest in a 49 MW wind farm project located in China. The potential acquisition would require a US$37.5M investment of which Welwind has multiple parties interested in participating in this debt financing. Welwind deems this potential acquisition attractive as this...

2008-07-09 06:00:34

Researched by Industrial Info Resources (Sugar Land, Texas) -- The signing ceremony for the procurement agreement of Certified Emission Reductions (CER) between China Guodian Corporation (Beijing) and Lehman Brothers Commodity Services Incorporated (London), a subsidiary of Lehman Brothers Holdings Incorporated (NYSE:LEH), was held in Beijing on July 2, 2008, China Guodian Corporation announced July 3. These CDM projects are the first group of projects seeking buyers through international...

2005-12-06 12:03:25

LONDON (Reuters) - A scheme to cut greenhouse gas emissions from pig manure has become Mexico's first project to win approval under the Kyoto Protocol rules on investing in poor countries, the project's developer said on Tuesday. The scheme, which covers 23 farms, has gained United Nations registration under Kyoto's Clean Development Mechanism (CDM), said Ireland-based AgCert International in a statement. "We are delighted to be the first company to have a CDM project registered in...

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2005-11-15 09:50:00

By Stuart Penson LONDON -- Rich nations are scouring the globe for greenhouse gas credits to help them meet climate change targets, but red tape in one of the Kyoto Protocol's main markets is hampering their search. The Clean Development Mechanism (CDM), potentially a big source of cheap carbon dioxide reduction credits, is struggling to deliver as hundreds of climate-friendly projects in India, China and other developing countries wait in a queue for official approval to go ahead. Calls to...

2005-10-20 10:31:45

LONDON (Reuters) - A hydroelectric power project in Honduras received on Thursday the first carbon dioxide emission credits issued under Kyoto Protocol rules to encourage firms to invest in green schemes in developing countries. The scheme was issued with the world's first "certified emissions reductions" (CERs) which can be traded internationally, in a move toward creating a global carbon trading market. Under the Kyoto treaty, rich countries can invest in environmentally friendly...

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2005-01-03 09:15:00

SANTIAGO, Chile (AP) -- Pig manure in Chile will keep neon lights glowing on Tokyo's Ginza in years to come. It's a grand north-south tradeoff to slow global warming: You reduce your "greenhouse gas" emissions so I don't have to cut back on mine. In this case, a Chilean pork producer is eliminating methane fumes from animal waste and selling the resulting "credits" to Japanese and Canadian utilities, requiring that much less of them as they reduce carbon dioxide emissions at their coal- and...


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