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Trading Carbon : December - January 2011
EIB-KfW Carbon Programme II Are you looking for carbon credits with EU-ETS III guarantee? EIB and KfW have set up the new EIB-KfW-CO2 Programme II for an amount of up to EUR 100 million for the purchase of project-based emission certificates until 2020. Main target groups on the sell side are companies that have legal obligations in the EU Emissions Trading Scheme (ETS). They receive a guarantee that the certificates they acquire are qualitatively eligible in the third phase of the ETS. On the buy side the programme will acquire certificates from renewable energy, energy efficiency and methane avoidance projects. It has a special focus on the integration of Least Developed Countries (LDC) into the global carbon market and the development of innovative Programs of Activities (PoA). Benefits for companies: What we can offer European enterprises • Lean processes and low administrative costs • No need to build up extra capacities within the own company • Reliable planning basis due to calculable prices • No qualitative eligibility risks in the EU Emissions Trading System • Risk diversification through the portfolio approach • Reliable contractual partner with an AAA rating • Experienced portfolio manager with an overall volume of some EUR 300 million in carbon credit programmes • International experience and good access to EIB and KfW projects New project opportunities: New prospects for projects worldwide • Long-term contracts at market-based prices • Contracts based on international standards • AAA off-taker • Additional cashflow, better bankability • Guidance through the UNFCCC processes • Advance payment possible • Support in the development of a PoA with specialized know how • Technical assistance possible For further information please contact us. KfW Bankengruppe Phone +49 69 7431 4218 Fax +49 69 7431 4775 firstname.lastname@example.org www.kfw.de/carbonfund The EIB-KfW Carbon Programme II purchases carbon credits for enterprises from any country in Europe, who can use the carbon credits to meet their compliance obligations in the framework of the ETS. Under conditions that will be defined by KfW and EIB, companies will have no off-take obligation, if the certificates are not eligible in the third phase of the ETS, which runs until 2020. By providing this eligibility guarantee the fund takes over post-Kyoto risks and ETS III risks. This new product will benefit not only corporate buyers of emission certificates in Europe but also enterprises in developing, transition and industrialising countries with appropriate CDM or other JI projects. For eligible projects, the carbon seller can be offered an advance payment and technical support on the agreed value of the carbon credits.