CAMCO INTL
TRADING EMISSIONS
AGCERT INTL
ECOSECURITIES GROUP
CLIMATE EXCHANGE
TRICORONA

State of the voluntary Carbon Market
2007-08-31
This free report gives a complete picture of the current state of the Voluntary Carbon Market. An updated edition will be published in May 2008.



Carbon Conscious Ltd
09 May 2008
Public markets, Completed, $6.80m

Ecologica Assessoria Ltd
22 Apr 2008
M&A, Completed

Emergent Ventures India Pvt Ltd
06 Apr 2008
VC, PE & Corp. Venture Investments, Completed, $10.00m

Carbon Resource Management Ltd (London)
01 Apr 2008
M&A, Completed

Climate Care
26 Mar 2008
VC, PE & Corp. Venture Investments, Announced/filed

GreenAir Fund (The)
25 Feb 2008
Public markets, In active planning, $92.80m

Bank of America/Climate Exchange JV
25 Jul 2007
JVs, Postponed/cancelled

Carbon Solutions Africa (Carbon SA)
10 Oct 2005
JVs, Completed

Morgan Stanley (UK)
20 Feb 2007
(Marketing Start)20 Feb 2007
(First Announced)

Funds Raised, Investing - open, $3000.00m

ArcLight Capital Partners LLC
01 Jun 2007
(Final Close)25 May 2007
(First Announced)

Funds Raised, Investing - closed, $2123.00m


Press Release: Voluntary Carbon Market 2008
2008-05-08
At least 65 million tonnes of carbon credits with a total market value of $331 million were transacted in 2007 according to a study conducted by New Carbon Finance and the Ecosystem Marketplace.

 

Press Release: The Post-2012 Carbon Market
2008-02-21
.

 

Press Release: US Carbon Market valued at 1 trillion dollars by 2020
2008-02-14
Economic Researchers Predict $1 Trillion U.S. Carbon Trading Market by 2020. However, if U.S. Goes it Alone, Expect Domestic Carbon Price of $40 per Tonne and Hikes in Consumer Energy Costs.

 

Press release: NCF reaction to Phase II NAPs
2006-11-30

 

New NCF report: Trading Decisions of EU ETS Participants
2006-10-26

 


Welcome to New Carbon Finance

The Global Resource for Carbon Market Intelligence

New Carbon Finance is the leading provider of high quality fundamental analysis of the European, North American and global carbon markets. Our team of analysts has been providing professional advice on carbon markets since 1998, including assistance in the design of various schemes and company-level strategic advice. During this time we have built up highly detailed fundamental market models that analyse the demand and supply balances and forecast prices on the European and global level, including North America.

Our basis in high quality analysis combined with our comprehensive market understanding and experience ensures that we offer clients invaluable data, information and insight needed to understand the complexity of the European, global Kyoto and North American markets. The enhanced visibility of the risks and opportunities in these new dynamic markets enables our clients to improve their risk and portfolio management and make more informed trading and investment decisions.

New Carbon Finance operates as a division of New Energy Finance, the world’s leading provider of information and analysis to investors in the renewable energy and low-carbon sectors.

“State of the Voluntary Carbon Market 2008” launched at Carbon Expo 2008


Following on from the success of last year's inaugural report, the world's first publicly available, market-wide, quantitative analysis of the voluntary carbon market, this year's report provides a crucial update on the latest figures for market size, and project prices, location and type involving a survey of over 150 players in the market. The report is downloadable here. The report will also have a dedicated US launch with a special event in New York towards the end of May, date to be announced.

We would like to kindly acknowledge our sponsors for making this report possible:
Premium - EcoSecurities, MGM International, Evolution, APX
Standard - Sterling Planet, Cantor CO2e, Baker McKenzie, Blue Source, TUV SUD, Equator

Contact Details:

Milo Sjardin, New Carbon Finance
T: +1 646 673 8568, milo.sjardin@newcarbonfinance.com

Katherine Hamilton, Ecosystem Marketplace
T: +1 202 470 1960, khamilton@ecosystemmarketplace.com

Press Release: US Carbon Market valued at 1 trillion dollars by 2020

The latest analysis by New Carbon Finance shows that the United States will be home to a $1 trillion carbon emission market by 2020 if federal and state policymakers continue on their current path towards a comprehensive “cap-and-trade” program that is confined to domestic trading only.

New Carbon Finance predicts a U.S. carbon price of $35-40 per tonne as soon as 2015 if the Lieberman-Warner bill, with its blanket veto on international project credits, succeeds into law. Allowing carbon-constrained U.S. firms to trade credits with firms in China or India, for example, where emission reduction measures are relatively inexpensive, would yield an estimated U.S. carbon price as low as $15 per tonne during the first years of the programme.

Read the full press release.

Or contact us by email: info@newcarbonfinance.com or telephone: +1 646 673 8568 if you would like to receive the full report.



CantorCO2e launches new VER consulting business
07 May 2008 / Spinouts / Brazil
UK-based environmental financial services firm CantorCO2e has launched a new business, to be named The Social Carbon Company, to consult on developing projects that produce verified emission reductions. ...

ENEL to help China clean its coal and buys 11.5m credits
07 May 2008 / Contracts & procurement / China
Italian utility ENEL has agreed to help China with carbon-capture and sequestration technologies in China and to buy 11.45m carbon credits from Wuhan Iron, a Chinese steel company. ...

Heavyweight quartet buys majority of Climate Change Capital
06 May 2008 / VC / Private Equity / United Kingdom
Climate Change Capital, the London-based investment bank, has filled its warchest for acquisitions with equity financing from four heavyweight European and Asian institutions. ...

Econergy starts generating power revenues from Bolivian hydro
06 May 2008 / Company results / United Kingdom
Amid continuing talk of a takeover, Econergy, a US-based producer of renewable power, has seen revenue jump 400% thanks to the start of electricity generation at the Corani hydro project in Brazil. ...

China’s first carbon-emission market set for Tianjin
06 May 2008 / Carbon trading / China
China will collaborate with the Chicago Climate Exchange (CCX) and domestic oil giant PetroChina to set up the country’s first national carbon-emission market in Tianjin. ...

Alberta raises USD 39.2m as emitters fail to meet emissions standards
03 May 2008 / Policy & regulation / Canada
The government of Alberta has raised CAD 40m (USD 39.2m) in its first year since passing its carbon emissions legislation in July 2007, as some businesses were forced to pay into a climate fund. ...

Florida approves new energy bill
01 May 2008 / Policy & regulation / United States
Florida is poised to adopt wide-ranging legislation that commits the state to a broad set of clean energy goals but offers few details on how to achieve them. ...

Tokyo Stock Exchange gets ready for carbon trading
30 Apr 2008 / Carbon trading / Japan
The Tokyo Stock Exchange Group has set up a "TSE Carbon Market Study Group" to gather information from experts to create Japan’s first greenhouse gas emissions trading market. ...

Japanese bank signs CDM deal in Sri Lanka
30 Apr 2008 / Carbon trading / India
The Japan Bank for International Cooperation has signed a cooperation agreement on CDM with Sri Lanka Carbon Finance Limited. ...

Vitol acquires 25% stake in Carbon Resource Management
28 Apr 2008 / Mergers & acquisitions / United Kingdom
Switzerland-based oil trader Vitol has bought a 25% stake in Carbon Resource Management, a developer of CDM projects to generate credits for trading under the Kyoto Protocol. ...

Tullett Prebon opens US carbon markets desk
28 Apr 2008 / Carbon trading / United States
London, UK-based broker Tullet Prebon has opened a desk in anticipation of the growth of US carbon and renewable-energy markets. ...

India’s ICICI Bank inks deal for CDM services
24 Apr 2008 / Carbon trading / India
India's largest private-sector bank, ICICI Bank (NYSE: IBN), has signed a memorandum of understanding with UK-based Agrinergy Consultancy to jointly provide solutions for CDM projects. ...

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NH Senate advances 10-state global warming initiative
May 9 2008 1:00AM, Source: Business Week
New Hampshire's Senate has given preliminary approval to entering a 10-state regional effort to cut greenhouse gas emissions to preserve the state's climate and way of life. ...

India to use carbon credits revenues to raise Rs 3000 crore for afforestation project
May 9 2008 12:56AM, Source: Carbon Yatra
The Ministry of Environment & Forests is proposing to take up a plantation programme in over 6 million hectares of degraded forests in two phases in the next 10 years. The ministry has estimated a rate of about Rs. ...

Voluntary carbon markets almost tripled in size last year
May 8 2008 7:28PM, Source: Carbon Yatra
At least 65 million tonnes of carbon credits were transacted in 2007, a 165% increase over 2006 and a nearly 200% increase for the over-the-counter market only, with a total market value of $331 million according to a study conducted by the Ecosystem ...

Canada will allow industry to offset emissions
May 8 2008 4:07PM, Source: Globe Investor
COLOGNE, Germany (Reuters) - Canada will allow participants in a prospective carbon market to count imported carbon offsets to their greenhouse gas emissions caps, opening a new frontier in a booming carbon market, a senior official said. ...

Britain puts personal carbon trading plan on ice
May 8 2008 3:26PM, Source: Reuters
(Reuters) - The British government has shelved plans to get people to reduce their carbon footprint by allowing them to trade personal emissions permits because it would be too expensive and ambitious. ...

IPCC chief calls for G-8 accord on 2020 emissions cut target
May 8 2008 2:03PM, Source: Kyodo
The head of the Nobel Prize-winning U.N. climate panel has urged Japan to exercise leadership during July's Group of Eight summit in Hokkaido in setting midterm and long-term global carbon emissions reduction targets to fight global warming. ...

UK climate adviser says flight rationing unwelcome
May 8 2008 1:32PM, Source: Reuters
BRUSSELS (Reuters) - Britain's growing hunger for flights abroad should not be rationed in the fight against climate change, the chief of the UK's new climate change committee said. ...

EU CO2 policy harms gas plant investment it aims to support: CEZ
May 8 2008 11:18AM, Source: Platts
The EU Commission's policy for the third phase of CO2 emissions trading offers little incentive to help combat climate change by investing in new gas-fired power stations, the Czech Republic's biggest electricity producer said Wednesday. ...

Trading Emissions PLC carbon projects pass hurdle
May 8 2008 11:10AM, Source: Yahoo! Singapore
The latest Reuters articles on M&A, IPOs, hedge funds and more LONDON, May 8 (Reuters) - A UN judging panel has approved three Trading Emissions PLC (TREM. ...

BHP Billiton to approach EU regulators
May 8 2008 9:07AM, Source: The Boston Globe
MELBOURNE, AustraliaA BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks. ...

EU Lawmakers Seek Restrictions On CO2 Permits For Airlines
May 8 2008 9:05AM, Source: Nasdaq
BRUSSELS (AP)-European Union lawmakers are seeking more restrictions on carbon emissions permits for airlines flying to and from the ...

Pending legislation, the CSA would establish world's largest carbon trading market: Deutsche Bank
May 8 2008 8:24AM, Source: Carbon Yatra
Pending legislation, the CSA would establish world's largest carbon trading market: Deutsche Bank Date: May 05, 2008 Source: Mumbai (Deutsche Bank) Public opinion in the US is leaning more strongly towards protecting the environment against climate ...

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Deep Dives

EUETS_DD_April_2008
23 Apr 2008

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This month's Deep Dive of the EU ETS provides an updated perspective on EUA prices to 2020 taking into account our latest forecasts for all the main policy and commodity based drivers, as well as some functional improvements we have made to the models over the last month.

Research Notes

EUETS RN April 2008 - Industrial Sector Part 1
02 May 2008

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This research note presents an update of our analysis of energy intensity and carbon intensity trends of industrial installations as well as an update of estimated abatement potentials for each sector. The note forms the first part of a two-part research note that will assess the impact of industrial developments on the EUETS.

Analyst Reactions

EUETS AR April 2008 - Verified Emissions 2007
03 Apr 2008

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This reaction summarises the 2007 verified emissions data and comments on implications for the rest of Phase II.

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Deep Dives

Kyoto DD March 2008 Demand
21 Apr 2008

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As well as updating our demand and supply projections, this month's Global Kyoto Deep Dive takes a close look at the pricing of CERs to 2012 using our new CER pricing model. On the demand side, we examine the effect of changes in the EU ETS import limit, Canada's latest announcements and recent discussions on a post 2012 framework. On the supply side, we update our CER/ERU projections to 2012 taking into account the latest policy positions across the world as well as changes to the UN approval process.

Research Notes

Kyoto RN February 2008 - Government compliance: CER / AAU purchasing
20 Feb 2008

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Government buyers have kept a low profile in the primary CER market thus far, lagging behind the private sector on credit purchasing and opting to invest in multi-lateral carbon funds instead. Due to the large compliance shortfalls faced by the public sector however, governments will have to change current purchasing behaviour in order to hit their targets. This research note provides insight into the current compliance circumstances of Annex I countries in order to project future demand of CER/ERUs, as well as AAUs/GIS needed to balance the market.

Analyst Reactions

Surge in Russian JI projects will be dampened by tighter approvals process
08 Apr 2008

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The surge in the number of Russian Track II projects submitted to the Joint Implementation Supervisory Committee (JISC) in the first quarter of 2008 represents a significant portion of the total cap of ERUs that the Russian government will allocate within the first commitment period. In this Note, New Carbon Finance assesses the dynamics between Russia’s host country developments, and the current pipeline in Russia.

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Deep Dives

North America DD April 2008
25 Apr 2008

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This quarter's Deep Dive gives again our latest view on the developments in the North American carbon market. Outside of our regular analysis into the policy developments and demand/supply and price projections we have analysed a few topics in more depth, so called 'focus points': international competitiveness under a federal cap & trade, treatment of state programmes, price projections for offset credits, and WCI coverage. The table of content and the list of focus points are now links for easy navigation.

Research Notes

Methane Offset Projects: the Market's 'Low Hanging Fruit'?
14 Mar 2008

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This Research Note looks in detail at the potential for projects that reduce methane emissions across the US. It analyses the maximum amount of emissions that can be saved and provides our estimate of that quantity that may realistically be achieved. The note also looks at ways in which these reductions can be brought to market through the different available standards, ie voluntary or (pre-)compliance, and which players are most active in this area.

Analyst Reactions

U-turn in US Climate Likely as McCain Consolidates Lead
07 Feb 2008

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On 5 February 2008, the Republican and Democratic parties held caucuses and primaries in 24 US states, an unprecedented number for a single day. Super Tuesday yielded neither party a definite presidential nominee, with Senator Hillary Clinton winning the most Democratic delegates but fewer states than Senator Barack Obama, and Senator John McCain outpacing his Republican rivals, former governors Mitt Romney and Mike Huckabee. Nonetheless, more than half of US states have now had their say and the odds of a pro-carbon-cap presidency starting in 2009 are shortening as the field shrinks.

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