If Spain is to meet Kyoto Limit, they need $466 million carbon credits

According to the Agriculture Minister of Spain, Miguel Arias-Canete, Spain must buy at least 355 million euros of carbon credits in order to meet their obligations set out by the Kyoto Protocol. The sum, to cover 67 million metric tons of emissions permits, may be impossible for the country to reach.

Arias-Canete was reported in national press as saying: “The government needs a lot of permits,” with liabilities “far higher than forecast by the previous government so the situation is really worrying.” Developed nations such as Spain need to purchase so-called Assigned Amount Units from other countries, or invest in emissions reductions in developing countries.

In the last five years, Spain has spent over 750 million euros to buy up emission permits and offsets. Spain’s greenhouse gas emissions soared over the ceiling mandated by the Kyoto protocol, with the volume of carbon dioxide emitted by the factories, power plants and transport system in Spain around 50 per cent higher than its 1990 level.

Learn more about carbon credits at Eco Global Markets

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Allianz carbon project launch in India

Allianz SE (the German insurance company) has announced the launch of a new carbon project to finance the installation of 8.5 million energy efficient lightbulbs in Andrha Pradesh, Punjab and Northern Delhi. The new project is expected to release 3.2 million carbon credits that may be traded internationally.

The compact fluorescent lightbulbs could cut as many as 3.7 million tonnes of carbon emissions during the next decade. This stacks up against the annual pollution from one million cars, and is therefore a massive carbon saving. The CERs (certified emissions reductions) created are certified by the United Nations.

This carbon project is part of the global initiative to reward clean energy investment in poorer countries, and is one of the first PoA (Programme of Activities) projects in India. This bundles identical projects together to save on emissions costs.

Allianz are a carbon project innovator, with around 20 low carbon projects currently in the pipeline. Allianz are currently already involved in forest preservation in Indonesia and Kenya.

Source: Eco Global Markets

Eco Global Markets Durban Climate Change

Durban Climate Change conference and the eco global market

 

After the Durban Climate Change Conference in December 2011 the global landscape for sustainable energy and investment has subtly altered. The DCCC saw a large scale shift in the political ideology of some globally important nations. Overwhelmingly, the news was good for a sustainable future. According to news from the carbon market there are two distinct groups now vying for a different outcome.

 

In the past, the USA has always failed to back the Kyoto protocol and has sided with India, China and Canada historically. Meanwhile, Europe occupies the other camp and represents a range of smaller countries. The aim of the first group is to continue polluting as long as possible, largely due to the scale of their economies. Meanwhile, the European Union sits on the other side and sees the need to ratify the Kyoto protocol and reduce carbon emissions as quickly as possible to avoid problems in the future. After the Climate Change Conference, commentators on the carbon market confirmed that this split was evident. However, there was a major upheaval in this historical situation.

 

China, likely to be the biggest economy in the world within five years and the largest polluter in the world, signalled a willingness to shift the major focus of their sustainability outlook. Although both China and Russia remain using cheap and dirty fossil fuel power, there are signs of a shift in energy policy. Durban saw sustainable development groups attract good attention, and China showing readiness to join the fight against climate change. This was one of the most important aspects of the Durban Climate Change Conference.

 

At this stage, China and the USA are both economies linked to fossil fuel pollution, and in the past there has been an uneasy alliance between the two countries. The scale of fossil fuel pollution, and the extent to which both economies are trapped by it, is unimaginable. However, for the first time at Durban, China took a stronger stance on pollution. No clear policy change at this stage, but of China did decide to take a stronger stance on pollution, both India and the USA could be forced to follow suit.

 

So, even though Durban didn’t yield any substantive progress, the signs are set for a massive global shift in energy policy in the coming decade.

 

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Eco global markets floor price boost

Carbon management consultancy eco global markets should be positive about the carbon price floor intended for the UK power sector. The carbon news, which broke in December 2011, will aid green investment in all forms of renewable energy including carbon credits such as the Certified Emissions Reductions traded by Eco Global Markets. With a new run of river carbon project in Peru, and the forthcoming release of thousands of premium carbon credits, the future is bright for Eco Global Markets in 2012.

 

The move is designed to help cement the coalition as the greenest government in history, something both parties are thought to be keen to achieve. For companies in the carbon credit trading sector, the news is good, as a price floor is likely to boost investment across the industry. As a City of London based carbon management consultancy, Eco Global Markets works on climate change mitigating carbon projects, including a recent Run of River hydroelectric dam in Peru. The company originates, develops and then trades clean, verifiable carbon credits that are certified under the EU ETS. These carbon credits, known as CERs (Certified Emissions Reductions) are different from VERs (Voluntary Emissions Reductions).

 

ICROA (International Carbon Reduction and Offset Alliance) have confirmed that VERs should not be sold as a private investment. ICROA is a not for profit group of carbon reduction and offset specialists, regarded as the leading regulatory voice in the industry. ICROA was formed to provide leadership and a united voice to campaign for rigorous standards in the carbon trading industry. The publically available ICROA Code of Best Practice defines those companies that are helping to transform the sector.

 

The new Eco Global Markets carbon project will focus on abating greenhouse gas emissions by building two 20MW ROR (run of river) hydroelectric dams. Once the carbon credits are validated and verified under the Clean Development Mechanism, this carbon project will become certified.

 

Visit the official Eco Global Markets Website now

 

Eco Global Markets

Eco Global Markets Carbon Products

Eco Global Markets recently got a new identity and online presence to reflect their evolution as a company. An innovative carbon management consultancy, eco global markets focuses on projects that directly mitigate climate change. With an office in the highly sustainable city skyscraper Heron tower, the new logo and website reflects their rapid evolution as a company.

Eco Global Markets offer a number of products and services for a range of private and corporate clients. Products include clean, verifiable carbon credits from a diverse international portfolio of carbon projects. These projects aim to make a genuine difference in local communities around the world, whilst helping businesses to offset their carbon emissions. Eco global markets carbon projects include:

-          A waste energy recovery program in the Phosphorous & Cement industry in China.

-          A methane capture and avoidance programme in China, India and South Africa.

-          A Biomass Project in Bihar, India.

-          A solar PC C.E.R Generation Project in Rajasthan, India.

-          An avoided deforestation carbon credit program in Manaus, Brazil.

-          A Run of River hydroelectric dam in Peru

The future for Eco Global Markets includes expanding their portfolio of projects and using their new website to keep their present customers and new customers informed of their evolving offering. The new corporate identity includes a brochure that illustrates their products and current carbon projects. Eco global markets gives their clients access to Green Certified Emissions Reductions – these are high-quality additional carbon credits from verifiable carbon projects. These credits are certified by the EU ETS and are likely to trade at a premium. From their new office in Heron Tower, the future is bright for clean carbon management consultancy Eco Global Markets.

Please Visit the official Eco Global Markets website for more information

Eco Global Markets – Carbon Management Consultancy

Eco Global Markets is a UK company specialising in carbon management consultancy. Eco Global Markets focus on projects that directly mitigate climate change. The company promote only the most ethical projects. The main objective of Eco Global Markets is to create profitable and environmentally friendly investment opportunities for their private and corporate clients. The company has a team of highly-skilled professionals. The team has experience of a variety of different investment markets including, the UK, Asia and Europe. Eco Global Markets aims to reduce greenhouse gases will still delivering a profit for its investors.

The company provide opportunities to invest in projects around the world. These projects aim to directly offset the emission of greenhouse gases into the atmosphere. The company has a wide selection of projects to invest in including, Afforestation, Reforestation, Carbon Sequestration, Bio Fuels, Wind Farming, Plantation Projects and Solar Power Projects.

The carbon industry is expected to become one of the largest traded commodities in the world over the next 10 to 20 years. The company expect that the voluntary market will provide a significant contribution to the growth of the global carbon market. The company is currently offering clients an exclusive opportunity for carbon credit investment in Brazil. This particular project is anticipated to generate over 1.2 million emission reduction credits. These credits will be issued to investors on a pro rata basis.

For further information on Eco Global Markets please visit the official website.