Sales
0161 215 3700
0800 458 4545
Support
0800 230 0032
0161 215 3711
Fast Chat

Welcome to UKFast, do you have a question? Our hosting experts have the answers.

Sarah Wilson UKFast | Account Manager

Energy company turns to carbon credit fund to cut ETS costs

Energy company turns to carbon credit fund to cut ETS costs

An as-yet anonymous energy company has injected some €20m (£16.6m) into Natsource's carbon asset fund, taking the asset management firm over halfway towards attaining its €200m (£162m) target.

The fund buys carbon credits generated by the UN's clean development mechanism (CDM) and joint implementation (JI) scheme. Members who join are looking for a more cost effective way of buying in emissions credits to meet their requirements under the EU's Emission Trading Scheme, according to the company.

"We are pleased to add another participant," said Egbert Liese, the fund's portfolio manager. "The response to this new product has been very encouraging and we believe it will be successful in providing our six participants with cost effective carbon credits."

Other participants in the fund include Edison, Eneco and Union Fenosa. In 2005, Natsource established the Greenhouse Gas Credit Aggregation Pool (GG-CAP), one of the earliest private-sector compliance funds.

Natsource claims that its management of the fund allows energy firms and other companies that have to comply with the ETS to readily access carbon credits when they need them to meet their emissions targets at a lower price than if they bought them on the open market.

No responsibility can be taken for the content of external Internet sites.


print this article

Return to green news headlines
View Green News Archive

Share with: