Press Clipping

3C in Point Carbon: Demand for CERs still outstrips supply

There will be an annual demand for 428m reduction certificates by the end of the second period, Sascha Lafeld of consultancy 3c said during an IETA workshop. Thus, there is still a lot of investments required - considering that 55m are likely to be delivered from registered projects and that projects under validation represent another 350m, according to latest PointCarbon calculations.

, September 29, 2005

Lafeld said he had recently been offered CERs for delivery in 2006 at €18 per tonne.

Around €2.4 billion is currently invested in carbon funds and looking for projects or credits. “But today you have to be willing to invest in the project to get the credits”, the expert said. It was hardly possible any more to get credits from projects where financing has already been secured because financing had developed as the main problem for new projects.

Lafeld said that London-based Carbon Re would soon launch an insurance product for CDM projects. However, it will only insure upfront payments, not the actual delivery of certificates. “I am sure, though, that we will see further products in future.”

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