Issue 2 | February 2009

 
 
 
 

Dear readers,

The carbon market continues to grow, to write success stories, and to move towards a new deal for the post-2012 era.

In this issue of First Climate Insights, we therefore highlight the outcome of COP 14, the revision of the EU Emissions Trading Directive, and contemplate the likely role of the United States in the ongoing climate negotiations.

We also take a close look at the different issues discussed by the various bodies in Poznań and at the aspects which still need to be resolved before a post-2012 agreement can be settled in Copenhagen in December 2009.

While the compliance market is approaching a new framework, the voluntary market has pushed forward a crucial piece of infrastructure: Voluntary registries are stepping in to ensure rigorous accounting of voluntary credits. We provide an overview of the registry landscape.

Enjoy the second issue of the ‘First Climate Insights’!


 
  Markus Hüwener, CEO First Climate AG

 

 
 
 
 
 
   

Set the Cap, Europe is ready!

After countless cups of coffee, sleepless nights, last minute compromises, frustration and relief, the EU legislators stroke a compromise on the new EU Emission Trading Scheme for the years beyond 2012 in mid-December last year. Tuomas Rautanen, Project Manager for Methodology and Risk, analyzes the revision of the EU Emissions Trading Directive and the way forward.

Read Article

 

 

   

Midway to Copenhagen

After 14th Conference of the Parties (COP 14) held during the first two weeks of December 2008 in the Polish town of Poznań, an interim balance can now be drawn. Alina Averchenkova, Senior Analyst for International Climate Policy, takes a close look at the different issues discussed in Poznań in the Ad-hoc Working Group under the Kyoto Protocol (AWG-KP) and the Ad-hoc Working Group on Long-Term Cooperative Action under the Convention (AWG-LCA). Moreover, she points out which aspects still need to be resolved before a successor to the Kyoto Protocol can be signed at COP 15 in Copenhagen in December 2009.

Read Article

 

 

   

Year of the Voluntary Market Registries

Voluntary carbon credit registries will increase transparency in the marketplace by making every carbon credit traceable from inception to retirement. With a major registry to be fully operational this year, 2009 could become the year in which voluntary market transactions will be dominated by registered credits. Daniel Hires, Manager for Marketing & Communications, provides a short overview of the most important registries, the latest developments, and an outlook on the future landscape of the voluntary market.

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Post 2012 Carbon Credit Fund reaches a new milestone in international climate protection

The Fund’s investment mandate is confirmed as the Fund enters into contracts to buy emission reduction certificates issued after the end of the first commitment period of the Kyoto Protocol..

The EUR 125 million Post 2012 Carbon Credit Fund today announced the purchase of certificates for reduction in post-2012 greenhouse gas emissions from a Chinese wind farm and a Mexican waste-to-energy project. The Fund was established by five leading European public financing institutions – the European Investment Bank (EIB), Caisse des Dépôts, Instituto de Crédito Oficial, KfW Bankengruppe (KfW) and the Nordic Investment Bank – and is managed by Conning Asset Management Limited as investment manager and First Climate as investment advisor.

View Press Release

 

 

   

First Climate Brings Experience and Expertise to an Emerging US Carbon Market

First Climate LLC, a global leader in carbon asset management, investment and advisory services, has announced the opening of its new office in San Francisco, effectively doubling its US presence. The new office will work in conjunction with the Washington D.C. office to provide fully integrated carbon management solutions for the growing voluntary and pre-compliance US carbon markets.

View Press Release

 

 

   

First Climate’s Team of Carbon Experts Continues to Grow to Meet Global Demand

First Climate is pleased to announce the further expansion of its U.S. operations to include two new staff members based in our San Francisco office.

Irene Hsieh and James Heath join First Climate LLC to oversee carbon investment advisory services and carbon offset project origination respectively.

Read more

 

 

   

First Climate staff regularly participate as speakers or workshop leaders
in numerous conferences and events, where they discuss the latest market developments and opportunities.

For more information about upcoming speaking engagements, please visit our
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