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Private Carbon Funds

A carbon credit is produced when the equivalent of one metric tonne of greenhouse gas emissions (GHGs) is prevented from entering the atmosphere via a coordinated activity. Clean Development Mechanism (CDM), enables polluting companies to invest in emissions reduction projects in emerging markets to generate carbon credits that offset their own emissions. Emissions reducing activities and projects can be financed by governments or private companies buying the resulting credits, which they can use to meet part of their international obligations to reduce emissions. Some of the Private Carbon Funds available are:


FUND/WEBSITE MANAGEMENT TYPE OF PROJECTS CDM PROJECT SUPPORT & FUND DATES
European Carbon Fund
www.europeancarbonfund.com
IXIS Environment and Infrastructure CDM projects (excl. LULUCF) Invests in all carbon assets: CERs, ERUs, EUAs & derivatives. Projects must yield 50,000-1m tCO2-e per year. CDM project development costs are not covered by Fund but may be advanced. To be fully invested by 2012.
ICECAP
www.icecapltd.com
ICECAP CarbonPortfolioLimited CDM/JI projects. Projects must yield >100,000 tCO2-e per year. Generally no support for project documentation development, project specific.
Japan Carbon Finance Ltd www.ecosecurities.com, www.jcarbon.co.jp EcoSecurities, Japan Carbon Finance Small-scale CDM projects. CDM project documentation development costs as well as validation and verification fees are covered by Fund.
KfW Carbon Fund www.kfw.de/carbonfund KreditanstaltfuerWiederaufbau (KfW) CDM/JI projects Projects must yield >50,000 tCO2-e per year. Generally no support, but loan facility for up to 50% of project documentation development costs (max. €50,000) is available)