Carbon Offsets Daily

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Pricelock Offers Innovative Carbon Offset Program

Goldman Sachs Enters Offsets Market with Blue Source Deal

Goldman Sachs has become the latest investment bank to buy its way into the carbon offset market, shelling out an undisclosed sum for an equity stake in US offsetting specialist Blue Source.
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China: Biggest Carbon Trade Initiated, First 1M Tons Approved for Trading

PetroChina gets green signal from the UN CDM Board to trade its carbon indicators equaling a little less than 1 million tons. The credits, acquired though a nitrous oxide (N2O) CDM project by Liaoyang Petrochemical, are a part of Chinas biggest carbon deal.

China Biggest Carbon Credits Deal with CDM Project

The environmental impact of nitrous oxide is around 310 times more than that of CO2. A representative of Liaoyang said that NO2 is transformed into nitrogen and oxygen and GHG reductions would equal 12 million tons of carbon dioxide in a year, where the company has N2O emissions of more than 40K tons per annum.

Canadian NAM and Goldman Sachs are amongst the buyers of carbon credits obtained through this CDM project.

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