UN panel rejects carbon financing for China windfarms, lifts SGS suspension

December 4, 2009

A resident rides a motor bike past the Helanshan Wind Power Plant in Wuzhong, Ningxia province, September 23, 2009. LONDON, Dec 4 (Reuters) – A United Nations climate panel has blocked carbon financing for around ten Chinese wind farms on Friday over concerns that they are financially viable without receiving carbon offsets, the panel said.

The panel, meeting in Copenhagen ahead of U.N.-backed climate talks, also lifted a suspension on emissions verifier SGS UK, one of the biggest players in the $6.5 billion carbon offset market, the panel’s chairman Lex de Jonge told Reuters.

SGS UK was suspended in September for submitting inconsistent information on its projects.

The U.N. panel said it will also conduct spot checks on two more emissions auditors — TUV-Sud and TUV-Nord.

SGS UK has verified around 35 percent of the 350 million tonnes of climate-warming carbon dioxide cuts made so far under the Kyoto Protocol’s Clean Development Mechanism (CDM), U.N. data showed. The firm was not immediately available for comment.

Under the tightly-regulated CDM, companies can buy carbon offsets, called Certified Emissions Reductions (CERs) by funding cuts in greenhouse gas emissions through clean energy projects in emerging nations.

The emissions cuts are verified by private sector certification companies called Designated Operational Entities before CERs are issued by the U.N.’s climate secretariat.

CUTS

SGS UK was barred from verifying new emissions cuts made by projects registered under the scheme, but was allowed to continue to work on projects already started.

This would hamper the supply of CERs but analysts said the suspension’s effect on the market had not been realised.

“The market has not yet felt in any way whatsoever the impact of the SGS UK suspension. That will end the moment the last pre-suspension CER issuance is made, which will be in the next two weeks,” said Alessandro Vitelli, a director at analysts IDEAcarbon.

“It’s too late to have an impact on 2009 prices, but you should see a pick up in issuance in the first quarter of 2010 which should ease the CER market a bit,” said Trevor Sikorski of Barclays Capital.

“This is another reason why carbon prices look weak in Q1 2010.”

The Chinese wind farms were under review by the panel after it noted a drop in financial support from Beijing in the form of tariffs.

“We expect there to be considerable discussion and no little controversy over this decision when the (climate talks) convene on Monday in Copenhagen,” Vitelli said.

The issue has caused long-running tension between the panel, project developers and emissions brokers over the speed of project approvals and the issuance of offsets.

The U.N. data showed that investors in the projects include Tokyo Electric, Essent Energy Trading and EDF Trading, the trading arm of French utility EDF.

Delegates from nearly 200 countries, including almost 100 world leaders, will meet in Copenhagen next week to work on a successor agreement to Kyoto.

(Reporting by Michael Szabo; Editing by Sue Thomas) ((michael.szabo@reuters.com; +44 207 542 9242; Reuters Messaging: michael.szabo.reuters.com@reuters.net))

79 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Great blog! Do you have any hints for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely confused .. Any ideas? Thank you!

Posted by strony www | Report as abusive

I have observed that car insurance organizations know the autos which are liable to accidents as well as other risks. In addition, they know what style of cars are susceptible to higher risk and the higher risk they’ve got the higher a premium price. Understanding the simple basics of car insurance can help you choose the right sort of insurance policy that can take care of your wants in case you become involved in an accident. Thank you sharing your ideas on your blog.

Posted by strony www | Report as abusive

Definitely, what a splendid site and revealing posts, I surely will bookmark your site.Have an awsome day!

Posted by strony www | Report as abusive

My brother recommended I might like this web site. He was once entirely right. This submit truly made my day. You cann’t believe just how much time I had spent for this info! Thank you!

Posted by tworzenie stron www | Report as abusive

Thank you, I’ve recently been searching for information about this subject for ages and yours is the greatest I have discovered till now. But, what about the conclusion? Are you sure about the source?

Posted by strony internetowe | Report as abusive

I just could not leave your web site prior to suggesting that I extremely enjoyed the standard information a person supply in your guests? Is going to be again continuously in order to check out new posts

Posted by tworzenie stron www | Report as abusive

I have observed that online education is getting common because attaining your college degree online has turned into a popular method for many people. Numerous people have not had an opportunity to attend an established college or university nevertheless seek the elevated earning possibilities and a better job that a Bachelor Degree offers. Still others might have a qualification in one field but would want to pursue one thing they already have an interest in.

Posted by tworzenie stron www | Report as abusive

I’ve been absent for a while, but now I remember why I used to love this site. Thank you, I will try and check back more frequently. How frequently you update your web site?

Posted by strony www | Report as abusive

… [Trackback]

[...] Read More: blogs.reuters.com/financial-regulatory-f orum/2009/12/04/un-panel-rejects-carbon- financing-for-china-windfarms-lifts-sgs- suspension/ [...]

Posted by URL | Report as abusive

excellent publish, very informative. I’m wondering why the other specialists of this sector don’t realize this. You should proceed your writing. I am confident, you’ve a great readers’ base already!

Posted by http://pinterest.com/kabzaw/blog-firmy-kabza/ | Report as abusive

Thanks alot : ) for your post. I’d like to write my opinion that the expense of car insurance varies greatly from one insurance policy to another, simply because there are so many different facets which play a role in the overall cost. As an example, the make and model of the motor vehicle will have a large bearing on the price tag. A reliable aged family automobile will have a lower priced premium compared to a flashy racecar.

Posted by tworzenie stron internetowych | Report as abusive

Youre so cool! I dont suppose Ive read something like this before. So nice to seek out any individual with some original ideas on this subject. realy thanks for beginning this up. this web site is something that’s needed on the internet, someone with somewhat originality. helpful job for bringing one thing new to the internet!

Posted by https://plus.google.com/u/0/110953096820636256872/ | Report as abusive

Normally I do not read post on blogs, however I would like to say that this write-up very pressured me to try and do so! Your writing style has been surprised me. Thank you, very nice article.

Posted by wynajem mieszkan | Report as abusive

Thanks for the interesting things you have discovered in your blog post. One thing I would like to reply to is that FSBO interactions are built after some time. By bringing out yourself to owners the first weekend their FSBO will be announced, prior to masses begin calling on Wednesday, you build a good network. By giving them instruments, educational materials, free records, and forms, you become the ally. Through a personal curiosity about them and also their predicament, you generate a solid interconnection that, most of the time, pays off once the owners opt with a broker they know and trust — preferably you actually.

Posted by http://kabzaweb.tumblr.com/ | Report as abusive

Thanks for expressing your ideas. Another thing is that individuals have an alternative between government student loan and also a private education loan where its easier to decide on student loan online debt consolidation than with the federal student loan.

Posted by strony www | Report as abusive

I do believe all of the ideas you’ve introduced for your post. They’re really convincing and will certainly work. Nonetheless, the posts are too quick for starters. Could you please extend them a little from subsequent time? Thank you for the post.

Posted by https://twitter.com/TuszuWeb/ | Report as abusive

I have learned new things from a blog post. Yet another thing to I have recognized is that typically, FSBO sellers are going to reject anyone. Remember, they might prefer not to ever use your products and services. But if you actually maintain a gentle, professional partnership, offering help and remaining in contact for around four to five weeks, you will usually have the ability to win an interview. From there, a listing follows. Cheers

Posted by sprzedaż samochodów z zagranicy | Report as abusive

Another important aspect is that if you are a mature person, travel insurance pertaining to pensioners is something you need to really take into account. The more mature you are, the greater at risk you might be for getting something terrible happen to you while abroad. If you are not necessarily covered by many comprehensive insurance policies, you could have several serious troubles. Thanks for discussing your guidelines on this web blog.

Posted by standy | Report as abusive

Yet another thing is that when you are evaluating a good on the web electronics retail outlet, look for web shops that are constantly updated, always keeping up-to-date with the most up-to-date products, the most effective deals, in addition to helpful information on products and services. This will make sure that you are dealing with a shop that stays on top of the competition and gives you things to make intelligent, well-informed electronics purchases. Thanks for the vital tips I have learned from the blog.

Posted by strony internetowe | Report as abusive

Wow, awesome blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is magnificent, as well as the content!

Posted by Deratyzacja | Report as abusive

Hey very nice website!! Man .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also…I’m happy to find so many useful information here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .

Posted by samochody z zachodu | Report as abusive

My spouse and I absolutely love your blog and find almost all of your post’s to be just what I’m looking for. Would you offer guest writers to write content available for you? I wouldn’t mind composing a post or elaborating on a few of the subjects you write concerning here. Again, awesome site!

Posted by tak | Report as abusive

Somebody essentially help to make seriously posts I would state. This is the first time I frequented your website page and thus far? I surprised with the research you made to create this particular publish incredible. Fantastic job!

Posted by skupujemy samochody używane | Report as abusive

One more issue is that video gaming became one of the all-time most important forms of recreation for people of every age group. Kids participate in video games, plus adults do, too. The particular XBox 360 is amongst the favorite games systems for folks who love to have a huge variety of activities available to them, along with who like to experiment with live with others all over the world. Many thanks for sharing your notions.

Posted by erotyczne zdjęcia | Report as abusive

That is very interesting, You are an overly skilled blogger. I’ve joined your rss feed and look forward to looking for more of your excellent post. Also, I’ve shared your web site in my social networks!

Posted by strony internetowe | Report as abusive

Thanks for your recommendations on this blog. One thing I would want to say is purchasing electronic devices items in the Internet is not something new. The fact is, in the past 10 years alone, the market for online electronic products has grown drastically. Today, you will discover practically any kind of electronic gadget and devices on the Internet, ranging from cameras and also camcorders to computer elements and video gaming consoles.

Posted by standy | Report as abusive

Thanks for your post. I would also like to say that your health insurance dealer also utilizes the benefit of the coordinators of your group insurance policies. The health agent is given a listing of benefits needed by a person or a group coordinator. What a broker may is find individuals or perhaps coordinators which will best match up those requirements. Then he gifts his tips and if all parties agree, the actual broker formulates a legal contract between the two parties.

Posted by standy | Report as abusive

We are a group of volunteers and opening a brand new scheme in our community. Your web site offered us with valuable information to paintings on. You’ve performed an impressive process and our whole community can be grateful to you.

Posted by strony www | Report as abusive

Howdy! Would you mind if I share your blog with my twitter group? There’s a lot of people that I think would really enjoy your content. Please let me know. Thanks

Posted by wynajem mieszkań kraków | Report as abusive

you are truly a good webmaster. The site loading speed is incredible. It kind of feels that you’re doing any unique trick. Moreover, The contents are masterpiece. you have performed a great activity on this matter!

Posted by skupujemy samochody używane | Report as abusive

Hi! Would you mind if I share your blog with my twitter group? There’s a lot of people that I think would really enjoy your content. Please let me know. Cheers

Posted by targi | Report as abusive

I together with my friends have already been taking note of the great tactics on the blog and then immediately developed a terrible suspicion I never expressed respect to the web blog owner for them. Most of the young boys were definitely for this reason joyful to study all of them and have certainly been taking pleasure in those things. Many thanks for actually being simply considerate as well as for making a choice on this kind of very good subject matter millions of individuals are really needing to learn about. My honest regret for not saying thanks to sooner.

Posted by sprowadzanie używanych samochodów z niemiec | Report as abusive

This really answered my drawback, thank you!

Posted by eventy | Report as abusive

whoah this weblog is magnificent i love reading your articles. Keep up the good paintings! You know, lots of people are hunting round for this info, you could help them greatly.

Posted by zdjęcia erotyczne | Report as abusive

Things i have continually told people today is that while searching for a good online electronics store, there are a few variables that you have to remember to consider. First and foremost, you would like to make sure to find a reputable and also reliable shop that has gotten great reviews and classification from other shoppers and business world experts. This will make sure that you are getting along with a well-known store that provides good support and assistance to the patrons. Many thanks sharing your notions on this blog site.

Posted by przekrecily | Report as abusive

Thanks , I have just been searching for info about this topic for a long time and yours is the greatest I have discovered till now. But, what in regards to the conclusion? Are you certain concerning the supply?

Posted by przeturlania | Report as abusive

I simply desired to say thanks all over again. I am not sure the things I might have created without the type of tips and hints shown by you regarding this concern. It was actually a real depressing scenario in my opinion, however , spending time with this specialized strategy you processed that made me to weep over gladness. I will be grateful for the support and then pray you comprehend what a powerful job you are getting into training many others via your web page. Most probably you haven’t encountered all of us.

Posted by poawaryjni | Report as abusive

I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I’m quite certain I will learn many new stuff right here! Good luck for the next!

Posted by rozwijaliscie | Report as abusive

Hello, Neat post. There’s an issue together with your website in web explorer, could test this… IE still is the market chief and a huge component to folks will miss your magnificent writing because of this problem.

Posted by wymiganiu | Report as abusive

My spouse and I stumbled over here from a different web page and thought I might as well check things out. I like what I see so now i am following you. Look forward to looking into your web page repeatedly.

Posted by urzezbijmyz | Report as abusive

There is obviously a bunch to know about this. I think you made certain good points in features also.

Posted by pokrajano | Report as abusive

Thank you for another informative blog. Where else could I get that type of info written in such an ideal way? I’ve a project that I am just now working on, and I have been on the look out for such info.

Posted by niewybiorczej | Report as abusive

When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

Posted by urzekalas | Report as abusive

As a Newbie, I am continuously searching online for articles that can benefit me. Thank you

Posted by fugowaloby | Report as abusive

You can certainly see your enthusiasm within the work you write. The arena hopes for even more passionate writers like you who are not afraid to mention how they believe. Always go after your heart.

Posted by inhumacja | Report as abusive

Keep working ,terrific job!

Posted by niepastwiacej | Report as abusive

Thanks for making me to attain new thoughts about pc’s. I also have belief that certain of the best ways to help keep your notebook computer in prime condition is a hard plastic material case, or shell, that suits over the top of one’s computer. Most of these protective gear are generally model distinct since they are made to fit perfectly over the natural housing. You can buy these directly from the seller, or through third party places if they are for your mobile computer, however not all laptop will have a shell on the market. Just as before, thanks for your suggestions.

Posted by nieadoniczne | Report as abusive

Simply desire to say your article is as surprising. The clearness in your put up is just great and i could suppose you are knowledgeable in this subject. Well along with your permission let me to clutch your RSS feed to keep up to date with forthcoming post. Thank you one million and please carry on the gratifying work.

Posted by dylazem | Report as abusive

Say, you got a nice blog article.Really thank you! Will read on…

Posted by http://fishinglovers.net | Report as abusive

I loved up to you will receive performed proper here. The comic strip is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you would like be turning in the following. ill without a doubt come more until now once more as precisely the similar nearly a lot frequently within case you defend this increase.

Posted by gurbilam | Report as abusive

Thank you ever so for you article post.Thanks Again. Fantastic.

Posted by Chicago luxury real estate | Report as abusive

Thank you for your blog post.Much thanks again. Keep writing.

Posted by cum dripping sluts | Report as abusive

wow, awesome article.Really thank you! Much obliged.

Posted by Hotel in Pittsburgh | Report as abusive

Thanks so much for the blog. Much obliged.

Posted by Muay Thai website | Report as abusive

I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to make such a great informative site.

Posted by niehulajacymi | Report as abusive

I want to express thanks to you just for rescuing me from this problem. As a result of scouting throughout the the net and getting methods which are not helpful, I believed my life was done. Existing without the presence of approaches to the difficulties you have solved by way of your entire post is a critical case, and the ones that might have badly damaged my entire career if I had not noticed your website. Your primary competence and kindness in touching a lot of stuff was important. I am not sure what I would’ve done if I hadn’t come upon such a point like this. It’s possible to now look forward to my future. Thanks a lot very much for the specialized and sensible help. I won’t be reluctant to refer your site to any individual who would like direction on this problem.

Posted by opalizujacymi | Report as abusive

I will immediately seize your rss feed as I can’t in finding your e-mail subscription hyperlink or newsletter service. Do you’ve any? Kindly permit me understand so that I may just subscribe. Thanks.

Posted by nieukraszajacy | Report as abusive

wonderful points altogether, you simply gained a new reader. What would you recommend in regards to your post that you made a few days ago? Any positive?

Posted by niezaperzonym | Report as abusive

I think other website proprietors should take this website as an model, very clean and magnificent user friendly style and design, let alone the content. You are an expert in this topic!

Posted by nietomaszowska | Report as abusive

Thanks for the thoughts you are revealing on this blog. Another thing I want to say is getting hold of duplicates of your credit history in order to look at accuracy of each detail may be the first measures you have to carry out in credit score improvement. You are looking to clean up your credit reports from destructive details problems that spoil your credit score.

Posted by metaforystow | Report as abusive

Pretty section of content. I simply stumbled upon your blog and in accession capital to claim that I acquire in fact enjoyed account your blog posts. Anyway I will be subscribing for your feeds and even I success you get admission to constantly rapidly.

Posted by nazdychalismy | Report as abusive

Hi, Neat post. There’s a problem together with your website in web explorer, might test this… IE nonetheless is the market leader and a huge component of folks will pass over your great writing because of this problem.

Posted by odsianym | Report as abusive

Great blog here! Also your web site lots up very fast! What web host are you the usage of? Can I get your associate link for your host? I want my site loaded up as fast as yours lol

Posted by niewonieniami | Report as abusive

Thanks for your tips about this blog. Just one thing I want to say is the fact that purchasing electronics items in the Internet is nothing new. Actually, in the past few years alone, the market for online electronic products has grown a great deal. Today, you will discover practically any type of electronic gizmo and devices on the Internet, ranging from cameras as well as camcorders to computer pieces and video games consoles.

Posted by przyciezkawego | Report as abusive

Whats up! I simply wish to give an enormous thumbs up for the good data you might have right here on this post. I will probably be coming again to your blog for more soon.

Posted by wyleklobym | Report as abusive

you are in reality a good webmaster. The website loading speed is amazing. It kind of feels that you’re doing any unique trick. Furthermore, The contents are masterwork. you have performed a excellent process in this matter!

Posted by Alec Sicilia | Report as abusive

I have noticed that over the course of building a relationship with real estate homeowners, you’ll be able to get them to understand that, in every single real estate purchase, a percentage is paid. In the end, FSBO sellers never “save” the commission. Rather, they struggle to win the commission by simply doing the agent’s task. In this, they devote their money and time to complete, as best they can, the duties of an representative. Those jobs include revealing the home by marketing, delivering the home to all buyers, developing a sense of buyer desperation in order to induce an offer, booking home inspections, handling qualification investigations with the lender, supervising maintenance, and aiding the closing of the deal.

Posted by Lyle Danford | Report as abusive

Good day! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Kudos!

Posted by Foster Wetmore | Report as abusive

I actually wanted to write a small message to thank you for some of the remarkable tips you are sharing at this website. My particularly long internet look up has at the end of the day been compensated with good quality facts to write about with my guests. I would admit that many of us visitors actually are unquestionably endowed to exist in a very good network with very many marvellous individuals with great guidelines. I feel really happy to have encountered the site and look forward to plenty of more cool times reading here. Thanks a lot once more for all the details.

Posted by standy | Report as abusive

WONDERFUL Post.thanks for share..extra wait .. …

Posted by meble kuchenne na wymiar black red white | Report as abusive

One thing I’d prefer to say is the fact that car insurance cancellation is a feared experience so if you’re doing the right things as a driver you won’t get one. A number of people do get the notice that they are officially dumped by their own insurance company they then have to scramble to get additional insurance from a cancellation. Low cost auto insurance rates tend to be hard to get after a cancellation. Having the main reasons regarding auto insurance cancellation can help owners prevent sacrificing one of the most important privileges out there. Thanks for the strategies shared by your blog.

Posted by zabudowa targowa | Report as abusive

Thanks for your write-up. My spouse and i have always seen that the majority of people are needing to lose weight simply because wish to look slim and attractive. Nonetheless, they do not always realize that there are more benefits to losing weight in addition. Doctors declare that fat people suffer from a variety of health conditions that can be directly attributed to the excess weight. Fortunately that people who definitely are overweight in addition to suffering from various diseases are able to reduce the severity of their particular illnesses through losing weight. It’s possible to see a gradual but marked improvement with health if even a small amount of weight loss is achieved.

Posted by studio kuchni warszawa | Report as abusive

I was recommended this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my trouble. You’re amazing! Thanks!

Posted by scenografia | Report as abusive

Thanks a ton for your post. I’d like to comment that the cost of car insurance differs from one policy to another, simply because there are so many different facets which give rise to the overall cost. One example is, the brand name of the auto will have a huge bearing on the cost. A reliable old family car or truck will have an inexpensive premium than just a flashy performance car.

Posted by nienasyconego | Report as abusive

Thank you for another great post. The place else may anybody get that kind of info in such an ideal way of writing? I’ve a presentation subsequent week, and I’m on the look for such info.

Posted by zaopatrzonej | Report as abusive

Simply desire to say your article is as astonishing. The clearness in your submit is just great and that i could think you’re knowledgeable on this subject. Fine along with your permission let me to take hold of your feed to stay up to date with impending post. Thank you a million and please keep up the rewarding work.

Posted by asygnujacym | Report as abusive

Thanks for your beneficial post. As time passes, I have come to be able to understand that the symptoms of mesothelioma cancer are caused by your build up connected fluid involving the lining of your lung and the torso cavity. The condition may start from the chest region and propagate to other parts of the body. Other symptoms of pleural mesothelioma include losing weight, severe respiration trouble, a fever, difficulty ingesting, and puffiness of the face and neck areas. It ought to be noted that some people living with the disease do not experience virtually any serious signs and symptoms at all.

Posted by zabudowa targowa | Report as abusive

This is really interesting, You are a very skilled blogger. I’ve joined your feed and look forward to seeking more of your excellent post. Also, I have shared your website in my social networks!

Posted by zabudowa | Report as abusive

Wow! This can be one particular of the most helpful blogs We’ve ever arrive across on this subject. Basically Great. I am also an expert in this topic therefore I can understand your effort.

Posted by niezdolowan | Report as abusive

Somebody necessarily assist to make severely articles I’d state. That is the first time I frequented your web page and to this point? I amazed with the analysis you made to create this actual publish amazing. Magnificent activity!

Posted by pozabraniales | Report as abusive