Tag: kyoto protocol

Banks see green in carbon projects: Investing directly adds to potential for profits In emissions trading

(December 18, 2007) For financial firms such as Barclays PLC; Allianz SE’s Dresdner Kleinwort and its carbon expert, Ingo Ramming; and Morgan Stanley, the decision to get their hands dirty with carbon-reduction projects is adding a new dimension to the emerging carbon-trading business. By getting directly involved, the firms are no longer simply acting as middlemen executing trades but are sometimes flexing their own financing muscle as well.

Carbon Boondoggles

(April 26, 2007) To reduce greenhouse-gas emissions, Canada’s federal government plans to push Canadian corporations into buying carbon credits under the so-called “Clean Development Mechanism” (CDM), a system established under the Kyoto Protocol by which companies in rich countries buy “rights to pollute” from companies in poor countries. The poor-country companies, in exchange, promise to give up their own greenhouse-gas producing activities.

Theory and practice of cap and trade

(March 1, 2007) But if the investors don’t opt for the projects with the greatest abatement per dollar invested, which is the case if other objectives intrude, then the cap-and-trade system won’t bring about the beautifully efficient, minimum-cost reduction of emissions that economists and environmental lobbyists dream about. And Kyoto will cost more than current estimates allow.

Chinese Power Giant to Sell Carbon Dioxide to Spain under CDM Contract

(January 23, 2006) The Chinese electric utility Huaneng and the Spanish National Power Corporation Endesa have unveiled a pioneering initiative for purchasing emissions credits generated under the Kyoto Protocol’s Clean Development Mechanism (CDM), according to the 21st Century Business Herald. The deal, announced January 19 in Beijing, is the first in China’s power sector to be put into implementation. This initiative will generate roughly 3 billion RMB (US $375 million) for Huaneng and benefit the utility’s fledgling wind power projects.

International NGO letter to Thailand’s Prime Minister, May 19, 2000

(May 19, 2000) We write to express our support for the members of the Assembly of the Poor who are currently occupying the crest of Pak Mun dam and the fish ladder. They are demanding that the Thai Government and the Electricity Generating Authority of Thailand open the dam gates to allow the fish to migrate up the Mun from the Mekong to breed as they did in former times. We wholeheartedly support the villager s efforts to recover their lost livelihood and restore the ecology of the Mun River.