Carbon

GISBORNE will be a net winner from the emissions trading scheme, promises Climate Change Minister Nick Smith.

At a well-attended meeting last night, Dr Smith managed to tame a potentially hostile audience through judicious use of the expressions:

“Good question”, “You’re absolutely right” and “That deserves a thorough answer — I’ll answer each point in turn”.

In the drive to tackle climate change, carbon trading has become the policy instrument of choice among governments. It is also a central element of the UNFCCC’s Kyoto Protocol. National or regional carbon trading schemes are now operational in Europe, the USA, New Zealand and elsewhere.

LOMPICO - PG&E (Pacific Gas and Electric's) is handing over tens of thousands of dollars to the nonprofit Sempervirens Fund to protect a 425-acre stand of redwoods once slated for logging deep in the Santa Cruz Mountains.

PCF

At the close of calendar year 2009, the Prototype Carbon Fund has 23 of 24 projects generating emission reductions and eight of the PCF’s CDM projects have issued Certified Emission Reductions. In early 2010, the PCF successfully completed its first transfer of Kyoto assets from its projects in Annex I countries.

Fund Capital ($ million) 219.8
Date Operational April 2000
Participants 22
Private % (by capital invested) 57.6

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Community Development Carbon Fund