Clean Development Mechanism

Moelis & Company Launches Dedicated Clean Technology Group

Retrieved on: 
Thursday, September 7, 2023

Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the formation of its Clean Technology Group and the appointment of Arash Nazhad as a Managing Director in Houston to co-lead the new group.

Key Points: 
  • Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the formation of its Clean Technology Group and the appointment of Arash Nazhad as a Managing Director in Houston to co-lead the new group.
  • Arash will co-lead the group alongside current Moelis Managing Director Rick Polhemus, who has a longstanding focus on a range of growth-driven technology, electrification/mobility, sustainability, and services sectors.
  • Arash brings nearly 20 years of investment banking experience and deep expertise in clean energy technology.
  • He joins from Citi where he provided strategic advice and capital markets solutions to companies across clean tech, energy, metals, technology, industrials, power, and the sustainability landscape.

BLUEGRACE ENERGY BOLIVIA & MINERA ARCO DE ORO S.A.C. Cement Deal for Green Mining & Sustainable Development Mechanism.

Retrieved on: 
Tuesday, August 22, 2023

LIMA, Peru, Aug. 22, 2023 /PRNewswire-PRWeb/ -- BLUEGRACE ENERGY BOLIVIA, headquartered in Bolivia, and COMPANIA MINERA ARCO DE ORO S.A.C., based in Lima, have officially solidified a transformative investment partnership. This landmark collaboration, marked by the signing of a binding Investment Letter of Intent (Lol), represents a crucial stride toward a comprehensive future agreement.

Key Points: 
  • LIMA, Peru, Aug. 22, 2023 /PRNewswire-PRWeb/ -- BLUEGRACE ENERGY BOLIVIA, headquartered in Bolivia, and COMPANIA MINERA ARCO DE ORO S.A.C., based in Lima, have officially solidified a transformative investment partnership.
  • This powerful alliance receives additional reinforcement through a convertible bond from BLUEGRACE ENERGY BOLIVIA, designed to fortify the operational capacities of COMPANIA MINERA ARCO DE ORO S.A.C.
  • This powerful alliance receives additional reinforcement through a convertible bond from BLUEGRACE ENERGY BOLIVIA, designed to fortify the operational capacities of COMPANIA MINERA ARCO DE ORO S.A.C.
  • Arco de Oro Mining Project: Pioneering Green Mining and Embracing Sustainable Development Goals
    The Sustainable Development Goals (SDG) are a blueprint designed by the United Nations to achieve a better and more sustainable future for everyone.

UNFCCC, Gold Standard, and the Clean Cooking Alliance Partner to Advocate Carbon Finance Opportunities for Clean Cooking

Retrieved on: 
Wednesday, February 15, 2023

WASHINGTON, Feb. 15, 2023 /PRNewswire-PRWeb/ -- According to a group of organizations and UN agencies working in the field of climate change, clean cooking is an essential part of the solution to climate change, and carbon markets represent a critical resource in support of clean cooking.

Key Points: 
  • As such, the carbon market, with its large funding flows and rapid growth, could provide the financial resources necessary to rapidly expand clean cooking access.
  • However, clean cooking has struggled to attract sustained, large-scale funding flows from the carbon market.
  • The earliest clean cooking carbon credit programs relied on the best data available at the time, which was sometimes scarce and incomplete.
  • Other ongoing efforts such as the ICVCM process for the voluntary market and CCA's new Responsible Carbon Finance for Clean Cooking Initiative offer additional opportunities to improve the transparency, governance, and conduct of carbon markets in clean cooking.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

PGE to increase GPP capacity in South Sumatra for NZE

Retrieved on: 
Wednesday, November 16, 2022

JAKARTA, Nov 16, 2022 - (ACN Newswire) - PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.

Key Points: 
  • JAKARTA, Nov 16, 2022 - (ACN Newswire) - PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.
  • The project site is located in the districts of Muara Enim and Ogan Komering Ulu in South Sumatra Province.
  • GPP capacity of 55 MW, which will be generated from Unit 2 of the GPP in the province, will increase PGE's total installed GPP capacity, after earlier some 55 MW generated from the Lumut Balai Unit 1 Project that became operational in 2019.
  • A total of 672 MW of geothermal capacity is operated and managed directly by PGE, and some 1,205 MW is managed under the Joint Operation Contract scenario.

SGS assesses that NaaS reduces Carbon Emissions by 896,800 tons a year

Retrieved on: 
Saturday, February 12, 2022

BEIJING, Feb. 12, 2022 /PRNewswire/ -- It is commonly said that new energy vehicles (EV) promotes green energy and travel, so then just how much are emissions reduced by EVs, as compared to traditional internal combustion engine (ICE) vehicles? Recently, NaaS (the "Company"), one of China's leading new energy operations and technology providers, revealed the answer by enabling the transition from ICEs to EVs and facilitating the aforementioned emissions and carbon reduction, receiving recognition from the international testing agency SGS for the amount of emissions reduced in the process. According to SGS's "Assessment Report of Greenhouse Gas Emission Reductions on Alternative Traveling by NaaS Electric Vehicles" (the "SGS Assessment Report"), in 2021, NaaS, through the Company's cooperation with Kuaidian and other partners, provided charging services that reduced carbon emissions by 896,800 tons, based on emissions of 661,100 tons versus the 1,557,9000 tons that would have been emitted by traditional ICEs for the same distances travelled.   

Key Points: 
  • According to SGS's "Assessment Report of Greenhouse Gas Emission Reductions on Alternative Traveling by NaaS Electric Vehicles" (the "SGS Assessment Report"), in 2021, NaaS, through the Company's cooperation with Kuaidian and other partners, provided charging services that reduced carbon emissions by 896,800 tons, based on emissions of 661,100 tons versus the 1,557,9000 tons that would have been emitted by traditional ICEs for the same distances travelled.
  • SGS is an organization with over 140 years of history in testing, inspection and certification, and is headquartered in Switzerland.
  • NaaS also offers hardware, software, and technology services and solutions to charger operators and works with all members of the EV charging value chain.
  • NaaS aims to make EV charging easier, better, and more efficient for all stakeholders, and to promote and ensure decarbonization and carbon neutrality throughout the automotive value chain.

Subject files - Post-2020 CO2 emissions standards for new passenger cars and vans - Committee on the Environment, Public Health and Food Safety

Retrieved on: 
Monday, January 14, 2019

On 8 November 2017, as part of the second Clean Mobility Package, the Commission presented its proposal setting emission performance standards for new passenger cars and for new light commercial vehicles for the post-2020 period.

Key Points: 
  • On 8 November 2017, as part of the second Clean Mobility Package, the Commission presented its proposal setting emission performance standards for new passenger cars and for new light commercial vehicles for the post-2020 period.
  • These targets, based on the new WLTP test, are set for the EU-wide fleet as % reductions of 15% in 2025 and 30% in 2030 respectively compared to the average of the specific emission targets for 2021.
  • The two-step approach is meant to ensure that emission reductions occur as early as possible.
  • The proposal also includes a "bonus" mechanism to incentivise zero- and low-emission vehicles, by setting benchmarks of 15% and 30% for 2025 and 2030.