Business
Carbon Project Development Up
Carbon Project Development Up.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n RNS Number : 1284V Camco International Ltd 28 October 2010 \n \n\n28 October 2010\n \nCamco International Limited \n \nCarbon Project Development Update\n \n \nCamco International Limited ('Camco' or 'the Company'), a global developer of emission reductions and clean energy projects, is pleased to provide the following carbon project development update for the three month period ending 30 September 2010.\n \nHighlights\n \n· Increase in newly registered projects in the third quarter, forecast to deliver risked 5.1 million tonnes of Certified Emission Reductions ('CERs')\n· Issuance of 1.2 million tonnes of CERs in the third quarter\n· Secured option contracts for post 2012 tonnes of CERs that amount to risked volumes of 28.1 million tonnes. The contracts were secured over the last few years and are now reported for the first time given there is now active interest from buyers and market transactions taking place\n \n \nProjects totalling risked 5.1 million tonnes of CERs achieved registration in the period, a clear sign of acceleration in the regulatory process (H1 2010: 3.2 million tonnes). This provides further indication of the improving delivery times as a result of procedural changes by the UN Executive Board.\n \nThe in-specie and revenue share portfolios are stable, with issuance of a further 1.2 million tonnes of CERs during the third quarter building on strong performance in the first half of the year (H1 2010: 4.3 million tonnes).\n \nWith the recent increase in clarity on CDM eligibility for post 2012 tonnes into the EU-ETS, Camco is reporting for the first time options it has secured over the last few years in CERs that are forecast for issuance after the first Kyoto period (post 2012). The contracted volumes amount to risked 28.1 million tonnes in-specie and risked 2.8 million tonnes of revenue share agreements. Further contractual rights of up to risked 27.6 million tonnes give a total risked volume of 58.5 million tonnes.\n \n \nPortfolio as of 30 September 2010\n \n\n\n\n\nProgress through stage\n\n\nFirst Kyoto Period (2008-2012)\n\n\n2013-2020\n\n\n\n\n\n\n\n30-Sep-10\n\n\n30-June-10\n\n\n30-Sep-10\n\n\n30-June-10\n\n\n30-Sep-10\n\n\n30-Sep-10\n\n\n\n...