ECOSECURITIES MIDDLES CHINA-GERMAN CER DEAL

By this time next year, deals like this will be so commonplace they will not be newsworthy.

On the other hand, this story about the UN CDM awarding CERs for merely shifting from one dirty coal technology to another underscores the importance of the work done by international leaders at the recent Bali summit on climate change in pushing through TT CLEAR, an agreement facilitating New Energy technology transfer to developing nations like China and India.

China Guodian, EcoSecurities, Deutsche Bank sign carbon credit deal
Kelly Zang, December 12, 2007 (Finanz Nachrichten)

WHO
China Guodian Corp, EcoSecurities Group PLC, Deutsche Bank

EcoSecurities is one of the most active Certified Emissions Reduction (CER) dealers in the world. (click to enlarge)

WHAT
EcoSecurities and Deutsche Bank will buy Certified Emissions Reduction (CER) credits approved by the United Nations Clean Development Mechanism (UN CDM) from China Guodian.

WHEN
The UN CDM was established as part of 1997’s Kyoto Protocols to certify CERs.

WHERE
The CERs will finance 4 Guodian supercritical power plants in China. Those who purchase the credits will be allowed emissions wherever they are equal to those certified as saved by the plants.

WHY
- The UN CDM certification indicates the supercritical power plants, using a more efficient type of coal-fired boiler, will save 3 million tons/year of CO2-equivalent.
- The value of the CERs is estimated at 30 million euros/year.

China's profile in the CER marketplace. (click to enlarge)

QUOTES
from Vallentin and Liu, The Diffusion of Clean Coal Combustion Technologies For Power Plants in China: “The designs of supercritical power plants are now regarded as commercially proven. The use of higher steam temperatures and pressures to increase the thermal efficiency of coal-fired power plants is an established practice in China.”