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Camco Sells 5.8m Tons of co2 from Nine Projects

The auction of carbon offsets organized by Camco International yesterday, turned out to be a huge success. 5.8 mn tons of offsets were auctioned to companies looking to meet their greenhouse gas reduction targets under EU’s regulations. According to Camco, the auction was over-subscribed 4 times and the offsets were valued at over 15 euros a ton.

Camco Sells 5.8m Tons of co2 from Nine Projects

The trade price of benchmark CERs was higher on the European Climate Exchange, but not all projects linked to the Camco auction were registered under a UN Kyoto Protocol scheme.

Camco is one of the leading providers of CERs to companies whose emissions have been capped under the EU ETS and to those in developed countries trying to stick to emission goals under the UN’s Kyoto Protocol.

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