From today firms should find it easier to assess the risks associated with trading carbon credits after The Carbon Rating Agency announced that subscribers to Bloomberg's market data service will be able to access independent information on the reliability and effectiveness of emission-reduction projects.
The Carbon Rating Agency is a subsidiary of analyst IDEAcarbon and was launched last year with the goal of providing AAA-style credit ratings for carbon credits based on the likelihood of emission-reduction projects delivering promised emission cuts within the stated time period.
The service covers both the voluntary market and UN-approved Clean Development Mechanism and Joint Implementation schemes, and also provides information on the social development benefits associated with specific projects.
Under an agreement with Bloomberg, the rating data and accompanying analysis tools have been made available to the 250,000 financial professionals that subscribe to the company's Bloomberg Professional market data service.
Ian Johnson, chairman of IDEAcarbon, said the partnership would help establish greater confidence in the market by allowing traders easy access to information on project risks. "Investors, traders and analysts now have access to unrivalled details on the agency's Market Initiated Ratings and a clear, transparent and unbiased declaration of these risks, to enhance transparency within the carbon market," he said.
But expert warns UN offset market could still be heading for investment crisis 23 Dec 2009
Carbon management specialist plans to gain stock market listing as part of efforts to attract new investors 27 Jul 2009
Industry steps up lobbying for energy-efficient IT projects to be included in expanded CDM 25 Nov 2009
Offshore wind, carbon capture and green manufacturing are big winners as Chancellor vows to make UK the global leader in clean technology 22 Apr 2009
Is it the end of the runway for low-cost flights? 28 Jul 2009
Resolution follows similar decision by Shell shareholders last month 09 Feb 2010
Measures needed to ensure cars do not charge from fossil fuel-powered grid 09 Feb 2010
Researchers use salicornia plants in carbon-negative process to grow biofuels 09 Feb 2010
More news
Friends of the Earth’s biofuels campaigner Kenneth Richter argues that biofuel targets are a distraction from tried-and-tested ways of reducing transport emissions 09 Feb 2010
Trewin Restorick wonders if the concept du jour of "nudging" behaviour change can help curb UK carbon emissions 08 Feb 2010
From feed in tariffs to vanishing top soil, we run down the top stories from the past week 08 Feb 2010 More in-depth
Post your comment
Send an email to the Business Green editor at feedback@businessgreen.com
