Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.

London, 1 October, 2004—Russia’s ratification of the Kyoto Protocol will lead to entry into force of the Kyoto Protocol and create a significant market for the trading of “emissions reductions” from Joint Implementation (JI) and Clean Development Mechanism (CDM) projects under the Protocol.

According to Sam Sproule, Managing Director of CarbonVentures “If the Kyoto Protocol doesn’t enter into force, the millions of tonnes of emissions reductions that will be generated worldwide by organisations looking at implementing clean technology projects may be substantially restricted. With entry into force of the Kyoto Protocol now likely within months, organisations now have a greater level of certainty that JI and CDM projects will be successful and also a guaranteed market for sale of the credits which will be generated.”

Sproule states, “While the EU Emissions Trading Scheme, which enters into force in 2005, allows for some trading of ‘Kyoto credits’, the bigger market created by the Kyoto Protocol will encourage organisations to implement such projects, which have important environmental, social and financial outcomes that are especially important in developing countries and economies in transition”.

CarbonVentures has recently received clearance from the UK Government’s Cabinet Environmental Committee to move forward with the United Kingdom’s first JI project. The UK's designated focal point for JI projects, the Department for Environment, Food and Rural Affairs (Defra), said it had agreed to enter into negotiations with the project developers, with a view to potentially hosting the project if the negotiations are successful. The project, which will abate up to an estimated 2.4 million tonnes per year of CO2e, will use BASF catalyst technology for the removal of nitrous oxide from the stack gases of nitric acid plants. Similar projects are being developed by Carbon Ventures and BASF in a number of countries worldwide.

CarbonVentures provides a full range of services to address the technical and commercial aspects of climate change and greenhouse gas emissions management. Our wide range of expertise and relationships with leaders in the field position us to deliver clients the best possible solutions in this emerging global arena.


For more information contact:
Sam Sproule
Tel: +44 1249 700203 (UK)
Mob: +61 421 330 081
Email: ssproule@environcorp.com

Sheree Hardy
Tel: +44 (0) 20 7478 9852
Mob: +44 (0) 7793 256 759
Email: shardy@uk.environcorp.com

Emma Hayward (Marketing)
Tel: +44 (0)1249 700104
Email: ehayward@uk.environcorp.com

This press release was distributed by ResponseSource Press Release Wire on behalf of ENVIRON UK Ltd in the following categories: Environment & Nature, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.