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ERA Carbon Offsets Shareholders Update

The year 2010 was characterized by sustained growth and execution for ERA Carbon Offsets Ltd. (“ERA”) (TSX VENTURE:ESR).

Highlights:

* The Company raised $5,520,000 (CDN) in a non-brokered financing through the issuance of 7,360,000 shares at $0.75 per share
* ERA advanced new projects in British Columbia and Africa, including a marquis project located on Denman Island which was developed with the participation of the Government of B.C.

Continue Reading at PR-USA

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Carbon-offset projects too small

THE majority of the continents carbon-offset projects were small, which decreased their ability to raise finance through sales, Teni Majekodunmi, CEO of Nigerian carbon exchange consultancy EcoXchange, said in Johannesburg yesterday.

Continue Reading at Businessday

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Kenya Power Advances as Carbon Agreement Promises New Revenue

| Sourced From Bloomberg |

Kenya Power Lighting Co. Ltd., the nations monopoly electricity distributor, rose for the first time in four trading sessions after signing a carbon agreement with Standard Bank Plc that may provide a new source of revenue.

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  • Published: Dec 12th, 2010
  • Category: India
  • Comments: None

India to launch black carbon plan on Dec 15

India will launch a national programme on black carbon on December 15. Environment minister Jairam Ramesh said the programme will cover measurement, monitoring and modelling for black carbon but ruled out India agreeing to inclusion of black carbon into the framework of UN climate talks.

Contine Reading at Hindustantimes

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  • Published: Dec 3rd, 2010
  • Category: Asia
  • Comments: None

Equate Petrochemical announces Kuwaits first carbon capture project

| Sourced From Renewableenergymagazine |

Equate Petrochemical Co., a joint venture between Petrochemical Industries Co. of Kuwait and Dow Chemical Co., has announced that it intends to capture 450 tons of carbon dioxide from its existing facilities on a daily basis starting 2012.

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Carbon institute helps Canadian project

| Sourced From ABC |

The Global Carbon Capture and Storage Institute, set up by former Prime Minister Kevin Rudd, has given $5 million to a project in Canada.

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  • Published: Nov 14th, 2010
  • Category: Global
  • Comments: 1

First soil carbon project in Africa

| Sourced From News.myjoyonline |

Small-holder farmers in Kenya are set to reap the rewards of the first soil carbon project in Africa. In the west of the country a group of farmers are changing practices and earning carbon credits. In the process, the groundbreaking Kenya Agricultural Carbon Project is set to improve food security, help address climate change, and improve the lives and livelihoods of rural dwellers who live in poverty.

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Green Globe International, Inc. Pursues New Carbon Credit Project in Major Market in South America

| Sourced From Benzinga |

LOS ANGELES, Oct. 27, 2010 (GLOBE NEWSWIRE) — Green Globe International, Inc. (Pink Sheets: GGII) today announced that the company is pursuing a new potential carbon credit monetization project for a major city in Brazil, as well as another targeted project for the U.S. market. The newly targeted projects, which are reflective of Green Globe International’s global approach to carbon credit projects, have been presented through the company’s agreement with Green Giant Venture Fund, an internationally recognized carbon project developer.

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  • Published: Nov 4th, 2010
  • Category: India
  • Comments: None

Norway offers ONGC a bite of $1-bn carbon project

| Sourced From Business-standard |

The Norwegian government has offered Oil and Natural Gas Corporation (ONGC) a stake in a $1-billion carbon capture storage project at Statoils Mongstad oil refinery in Norway.

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Green Globe International, Inc. Pursues New Carbon Credit Project in Major Market in South America

| Sourced From Marketwatch |

LOS ANGELES, Oct 27, 2010 (GlobeNewswire via COMTEX) — Green Globe International, Inc. /quotes/comstock/11i!ggii (GGII 0.00, 0.00, 0.00%) today announced that the company is pursuing a new potential carbon credit monetization project for a major city in Brazil, as well as another targeted project for the U.S. market. The newly targeted projects, which are reflective of Green Globe International’s global approach to carbon credit projects, have been presented through the company’s agreement with Green Giant Venture Fund, an internationally recognized carbon project developer.

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  • Published: Sep 5th, 2010
  • Category: USA
  • Comments: 6

PG&E’s ClimateSmart program receives carbon offsets verification

| Sourced From Istockanalyst |

(Source: Datamonitor)trackingSempervirens Fund and Pacific Gas and Electric’s, or PG&E’s, ClimateSmart program have announced that a joint effort to sequester greenhouse gas emissions by preserving a redwood forest in the Santa Cruz Mountains has received an independent verification of its carbon offsets.

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CARBON KNOWLEDGE TO BOOST VICTORIAN JOBS AND INDUSTRY

| Sourced From Media-newswire |

Victoria’s leading role in tackling Climate Change will boost jobs and the economy under a new Brumby Labor Government initiative designed to help local businesses export their green services and products overseas.

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  • Published: Aug 11th, 2010
  • Category: Global
  • Comments: 4

Russia Gazprom Neft wins approval for carbon project

* Project is organised with Mitsubishi Corp and Nippon Oil

* It requires Gazprom to utilise gas previously flared

MOSCOW, Aug 4 (Reuters) – Russia’s Gazprom Neft (SIBN.MM: Quote), an oil arm of energy giant Gazprom (GAZP.MM: Quote), said on Wednesday it received approval for an emissions reduction project worth 3.1 million ERUs it is implementing with Japanese firms.

Russia last month gave the green light for 15 clean energy projects to earn carbon credits under the Kyoto Protocol, a long-awaited move that could unlock around 2.7 billion euros ($3.6 billion) in carbon finance for over 100 projects held up by bureaucratic red tape. [ID:nLDE66P15S]

Continue Reading at Reuters

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  • Published: Aug 5th, 2010
  • Category: USA
  • Comments: 3

Scotia Capital quietly opens carbon credit group

| Sourced From Theglobeandmail |

Scotia Capital has quietly started up an environmental markets origination group, based in New York, to originate and distribute carbon credits for clients.

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Carbon Credits to Conserve Uganda

| Sourced From Forbes |

In the peak afternoon sun, a pickup truck rumbles through the dirt track flanked on either side by rolling hills of neatly lined pine trees as far as the eye can see. At a clearing in the middle of the pine forest, the truck comes to a halt, raising a cloud of dust. It is the only irritant to the fresh smell of pine. This isn’t a temperate coniferous forest in North America. It’s the heart of equatorial Africa, Uganda. And these alien, fast-growing, Caribbean pines are gaining popularity as the solution to reforest degraded land.

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  • Published: Jul 5th, 2010
  • Category: Global
  • Comments: 4

Carbon Credits to Conserve Uganda

| Sourced From Forbes |

In the peak afternoon sun, a pickup truck rumbles through the dirt track flanked on either side by rolling hills of neatly lined pine trees as far as the eye can see. At a clearing in the middle of the pine forest, the truck comes to a halt, raising a cloud of dust. It is the only irritant to the fresh smell of pine. This isn’t a temperate coniferous forest in North America. It’s the heart of equatorial Africa, Uganda. And these alien, fast-growing, Caribbean pines are gaining popularity as the solution to reforest degraded land.

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  • Author:
  • Published: Jul 1st, 2010
  • Category: Global
  • Comments: 4

The Carbon Project in Uganda

| Sourced From Business |

I n the peak afternoon sun, a pickup truck rumbles through the dirt track flanked on either side by rolling hills of neatly lined pine trees as far as the eye can see. At a clearing in the middle of the pine forest, the truck comes to a halt, raising a cloud of dust. It is the only irritant to the fresh smell of pine. This isnt a temperate coniferous forest in North America. Its the heart of equatorial Africa, Uganda. And these alien, fast-growing, Caribbean pines are gaining popularity as the solution to reforest degraded land.

Read the rest of this entry »

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Industry calls for wider standardised baselines for CDM

| Sourced From Risk |

Increased use of standardised baselines for Clean Development Mechanism (CDM) projects would motivate increased investment and reduce risk for project developers, according to a report by carbon offset specialists Perspectives for the UK’s Department for International Development (DFID).

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  • Published: Apr 12th, 2010
  • Category: Asia
  • Comments: 4

J.P. Morgan winds up Asia carbon team in Singapore-source

SINGAPORE, April 9 (Reuters) – U.S. investment bank J.P. Morgan (JPM.N) has shut down its four-member Asia carbon team based in Singapore in the interests of streamlining its operations, a source familiar with the matter said on Friday.

Continue Reading at Reuters

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  • Published: Apr 10th, 2010
  • Category: Asia
  • Comments: 2

E.ON to move SE Asia carbon team to Singapore-UPDATE 2

* E.ON says aims for carbon team of 8 in Singapore by yr-end

* Implementing four projects now, evaluating another 20

* Sees Indonesia offering big potential in SE Asia (Adds details, quotes)

SINGAPORE, April 7 (Reuters) – German utility E.ON will move its carbon team from Malaysia to Singapore this month and aims to ramp up investment in clean-energy projects in Southeast Asia, a senior official said on Wednesday.

Continue Reading at ForexYard

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  • Published: Feb 25th, 2010
  • Category: Global
  • Comments: 2

Carbon Market Headlines, Thu Feb 25, 2010

Public sector managers know little about carbon targets

There is widespread ignorance in the public sector about climate change and the need to cut down energy use, according to research published today.

A survey of public sector managers carried out by CIPFA revealed that 78% had either vague or no knowledge of the Carbon Reduction Commitment energy efficiency scheme, or had never heard of it, even though the emissions trading mechanism, which will start this April, will cover most larger public sector organisations.

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  • Author:
  • Published: Dec 1st, 2009
  • Category: Global
  • Comments: Comments Off on Fossil Fuel CO2 Emissions Up By 29 Percent Since 2000

Fossil Fuel CO2 Emissions Up By 29 Percent Since 2000

| Sourced From Pollutiononline.com |

The strongest evidence yet that the rise in atmospheric CO2 emissions continues to outstrip the ability of the world’s natural ‘sinks’ to absorb carbon is published this week in the journal Nature Geoscience.

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  • Published: Nov 26th, 2009
  • Category: Global
  • Comments: 2

UPDATE 1-Global CO2 emissions to drop 2.8 pct in ’09 -report

* CO2 emissions up 2 pct in ’08, to dip 2.8 pct in ’09-report

* Emissions from developing nations continue to soar

* Consumer demand from rich countries partly to blame (Adds details, quotes throughout)

SINGAPORE, Nov 18 (Reuters) – Global carbon dioxide emissions are set to fall an estimated 2.8 percent this year because of the financial crisis, after having risen two percent in 2008, a leading annual report on the globe’s “carbon budget” says.

Continue Reading on Reuters

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World Energy Brokers 1.4 Million CER Deal over the World Green Exchange

| Sourced From Worldenergy.com |

Large Transaction Highlights Companys Growing Global Reach and Traction in the Primary Carbon Market

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  • Published: Oct 21st, 2009
  • Category: UK
  • Comments: 3

UPDATE 1-Guanabara ups EcoSecurities offer to 90p a share

| Sourced From UK.biz.yahoo.com |

LONDON, Sept 1 (Reuters) – Guanabara Holdings increased its cash offer for carbon offset company EcoSecurities Group Plc (LSE: ECO.L – news) to 90 pence a share from 77 pence on Tuesday, and extended the deadline for the bid until Sept. 18.

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