For the Compliance Market
Measures have been implemented at the global, regional and national level to reduce carbon emissions and try to mitigate the impact of climate change. Some of these measures, such as the European Union’s Emissions Trading Scheme (EU ETS), are mandated by law ( 2002 and extended in 2009), resulting in the development and growth of the compliance market. Other countries like China , South Korea and Japan will have there own Emission Trading Scheme – other countries like US and Australia are in final discussion.
The EU Emission Trading Scheme (EU ETS)The EU ETS was introduced in 2005 to allow European countries collectively to meet their commitments to cut CO2 emissions under the Kyoto Protocol. The EU ETS is a cap-and-trade system whereby governments set emission limits and allocate emission allowances, which can be traded between participants.
To achieve compliance companies have the following options:
- reduce actual emissions through internal abatement
- trade EUAs in the market by buying from companies with lower abatement costs
- purchase international emissions credits generated by CDM and JI projects
Our experience in the compliance market: CDM Center is an early-mover in formal climate change reduction mechanisms and we are involved in several markets – leading investments and projects. We were a pioneer in developing projects under the CDM and together with our project partners in China, Europe, Japan and US and – we structured and developed a portfolio of multiple CDM projects.
Together with our network of cooperation partners, CDM Center offers a wide range of services:
- Sourcing and trading Certified Emissions Reductions (CERs) and Emissions Reductions Unites (ERUs) to optimise client’s compliance positions in the European Union Emissions Trading Scheme (EU ETS) and other regulated carbon markets.
- European Union Allowance (EUA) – CER swaps. Companies included in the EU ETS can benefit from substituting part of their allocated EUAs for CERs, due to the positive price difference between these credits. The maximum amount of EUAs allowed to be substituted varies per country.
CDM Center track record:
- We led the way in European Union Allowance (EU ETS) CDM project development
- We are a major consultant in the carbon trade and gap decisions for various industries, like Power Utilities, Cement, Steel and since 2010 also AVIATION Industry as well as for Policy Makers in the Emerging Markets
- We have developed advanced risk-management techniques to reduce exposure to ERC price-volatilities
- We have developed a diversified portfolio of over 40 Clean Development Mechanism (CDM) and tried also for Joint Implementation (JI) projects, with a focus on renewable energy and energy efficiency.
- We are innovators in the Clean Energy market. For example, we create and managed special Investment , Technology Transfer and Manufacturing Programs for Windfarm , CSP, Biomass, CCS projects.
For the Voluntary Market
The voluntary market has expanded rapidly in recent years. As the name implies, there is no element of compulsion in the voluntary market. Its evolution has been shaped largely by increasing demand from companies, organizations and individuals seeking to mitigate the negative consequences of their own greenhouse gas emissions. The carbon dioxide emitted by organizations and individuals as part of their business or personal activities is known as a ‘carbon footprint.’ While a carbon footprint cannot generally be reduced to zero, it is possible to limit the impact of CO2 emissions by offsetting. This is the act of compensating greenhouse gas emissions by purchasing credits from offset projects, often from the developing world.
Project standards and partners
There are a number of industry approved standards and methodologies used in the market for emission reduction certification.
CDM Center selected only those standards that safe the best performance of purchasing rationales:
Voluntary Carbon Standard (VCS) projects
VCS projects are voluntary initiatives to reduce emissions both in developed and developing countries. These projects generate Voluntary Carbon Units (VCUs).
VCS procedures are similar to the CDMs, but are less lengthy and costly. Many projects which are already operational, but have yet to obtain CDM registration, can claim VCUs. The VCS standard also represents an effective way to promote emission reductions from technologies not yet formally certified under emission trading schemes. The VCU is the most traded carbon credit type in the world.
For the Production and Application of Clean Energy Systems
CDM Center` s and network of cooperation partners has a strong background and experience out of more than 30 clean energy technology transfer, production and application and investment projects and systems like Renewable : Windfarm , Biomass, CSP Energy, Ultrasupercritical Coal, Steel, Fertilizer, Waste Heat Recovery.
At the moment we have a strong focus on
CSP ( Concentrating Solar Power ) Technology
Solar thermal energy is a technology for harnessing solar energy for thermal energy (heat). High temperature collectors concentrate sunlight using mirrors or lenses and are generally used for electric power production. While 800 megawatts of solar thermal power is up and running worldwide, the first 50 MW Pilot Project in China will be installed in 2011. CDM Center and network of cooperation partners are working on the project design, technology supply and is forming a consortium for further project development and production capabilities in China
CCS ( Carbon Capture & Storage ) Technology
CDM Center and network of cooperation partners experience in Supercritical and Ultra-Supercritical Coal Fired Power Plant Projects will be extended to IGCC, Carbon Storage and Retrograde Clean Coal Projects.
CDM Center of Excellence Ltd. is developing further sustainable investment opportunities in new key industry segments like Manufacturing, Chemical, Transport and Construction.