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ACG's Group MD lighting the lamp at the event. ACG Group MD receiving the token of appreciation from The Governor of Andhra Pradesh.
Co-organized by TGO, Korea Energy Management Corporation (KEMCO), Asia Carbon Pte Ltd, SK Energy and Korea Chamber of Commerce & Industry (KCCI)'s Business Institute for Sustainable Development. The capacity building session served to promote cooperation in CDM projects between Korea and Thailand. - Presentation of the policy and current status of CDM implementation in Thailand and Korea; experiences and issues related to CDM project development; development of CDM business in Thailand; and biomass and biogas technology transfer. TGO newsletter
(July 3, 2008)Asia Carbon Emission Management India Pvt Ltd – India, a member of Asia Carbon Global, has organized “Carbon - Markets, Mechanism, Money”, a one-day appreciation cum awareness program on earning Carbon Credits, at New Delhi & Chennai on the 1st & 3rd of July, 2008. The introduction part brief about overview of CDM projects and specific trading strategies and buyers perspective; Mr. Santonu Kashyap – Manager, Project Origination & Execution of Asia Carbon Global, covered CDM project development (stepwise); Mr. S. A. Verma from DMRC covered a case study of DMRC-CDM project; Mr. Manu Maudgal formerly with TÜV NORD covered Validation & Verification steps and requirements; Mr. Anthony Sneed – Director, Global Operation of Asia Carbon Global, covered Carbon Trading, existing mechanisms and challenges in Indian perspective; and Mr. Anik Ajmera – Head, Business Development of ACX-Change, Asia Carbon Global, covered ACX-Change & CER/VER Trading through ACX-Change auctions. After the sessions ended, there were healthy discussions in the various aspects of CDM & Carbon Trading. The queries were interesting, such as difficulties in implementing coal washery power plants, the possible scope of Jatropha in CDM, challenges in Afforestation & Reforestation, etc.
(June 24, 2008) Japan Bank for International Cooperation (JBIC) inked yesterday a Cooperation Agreement with Singapore-based Asia Carbon Exchange Pte. Ltd., a company whose business operations include carbon-related information services and the transaction of Certified Emission Reductions through its ACX-Change, the world’s first carbon auction trading platform. Signed by representatives Mr. Koji Tanami, JBIC Governor and Mr. Malcolm Chew, Managing Director of Asia Carbon Exchange Pte. Ltd., the Agreement details the hosting of the Nikkei-JBIC Carbon Quotation Index within the Asia Carbon Global website. The Index currently appears every Monday on Carbon Credit Trading Platform and the Nikkei Ecolomy website , an environment-related site of NIKKEI NET operated by Nikkei Inc. This cooperation underscores JBIC’s and ACX-Change’s continuous efforts to support Japanese as well as Asian firms as they cope with global climate change through the Kyoto Protocol. The agreement will promote emissions trading by providing information on carbon credit requirements in Japan to credit sellers in Asia, thereby eventually stimulating a supply of carbon credits from ACX-Change to Japan to help meet the needs of Japanese companies, as set out in the voluntary action plan of the Nippon Keidanren, the leading Japanese business association.
Asia Carbon Global (ACG), launched a new office in Sydney on March 27, 2008. ACX-Change Australia will be covering ACG’s growing interest in Australia and New Zealand. ACX-Change Australia, together with its strategic partner Evans and Peck, was selected in early April to be one of the Australian Government’s Panel of Experts. This will entail advisory support for the establishment of the Registry for the continent’s planned national emissions trading system (AU-NETS). ACX-Change Australia will be offering the Group’s vertically-integrated business model of carbon advisory, CDM finance, and carbon trading services as well as introducing its innovative Registry Services for Voluntary Emission Reductions (VERs) as well as Project Monitoring Services for CER buyers, most of whom it is expected, will be coming from the fast-growing Asia-Pacific economies of Australia and New Zealand.
Asia Carbon Global, Singapore announced the issuance of CERs from a grid- connected biomass power plant in India. This is the first CDM project from Asia Carbon Global’s portfolio of projects to have received carbon credits. The CERs were purchased by a buyer from Switzerland and the CERs were successfully transferred to the buyer’s account. The CERs were traded on the ACX-Change on a forward basis at an auction in April 2006. Asia Carbon Global developed this CDM project in 2005 under its Asia Carbon Asset Development Facility which underwrote the CDM risk for this project. |
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Introduction to CDM and Carbon Trading 
