SUBSCRIBEHaven't registered for our newsletter yet? Press ReleasesCEF launches new international carbon hubSunday, 25 January 2009 14:06 In the face of mounting international concerns about climate change and the effect of carbon emissions, CEF Carbon SA (Pty) Ltd, in association with European partners GreenStream Network Plc, has launched a new carbon hub which will offer comprehensive CDM (Clean Development Mechanism) solutions to companies in South Africa and elsewhere on the continent. Deven Pillay - CEF Carbon CEOThe joint venture will trade under the name CarbonStream Africa and it was launched in London yesterday. Says Board member Arne Jakobsen of GreenStream Network: “Norway and the Nordic countries have for a long time had a close cooperation with South Africa on energy-related issues, and this joint venture is a fruit of that long-term relationship.” Located in South Africa, CarbonStream Africa is strategically positioned with a direct route to the African carbon markets. The hub is an advisory company delivering comprehensive solutions and services for emission reduction projects, such as the CDM, Joint Implementation (JI) and Voluntary Offsetting. It is dedicated to helping project developers both in Africa and on a global basis to optimize and secure carbon revenue streams from emission reduction projects. It will take projects through the entire process from creation to sale of carbon credits. According to CEO Deven Pillay, the hub is a unique concept in the African CDM market and is committed to contributing towards building CDM expertise in South Africa and the rest of the continent. “Although lagging behind Asia and Latin America in terms of registered CDM projects, African nations are in a position to benefit from the rapid expansion of the global carbon markets and the increasing demand for Carbon Emission Reductions,” says Pillay. “Our experts will create value for our clients at every stage of the CDM/JI project process. We focus on high quality in the entire project management cycle and our multicultural team of experts ensures excellence in project execution.” The hub brings international and local skills together. Its experts have a substantial track record of PDD development, carbon consultancy and advisory services.
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Mr Deven Pillay NOTE FOR EDITORS: CEF Carbon was established by CEF (Pty) Ltd to develop CDM projects and trade the resulting carbon credits. It has a presence in London, which is fast becoming the World Carbon Hub. It also has a team of specialists based in Johannesburg. CEF Carbon works with both sellers and buyers of carbon credits in all the main carbon markets, offering a full range of transaction services, including financial advice, legal and carbon due diligence. CEF (Pty) Ltd is mandated to manage strategic energy interests on behalf of the South African government. Group companies are involved in the search for appropriate energy solutions to meet the energy needs of South Africa, the Southern African Development Community (SADC) and the sub-Saharan region – including oil, gas, electrical power, solar energy, low-smoke fuels, biomass, wind and renewable energy sources. CEF subsidiaries include PetroSA, the South African Gas Development Company (iGas), the Strategic Fuel Fund (SFF) and the South African National Energy Research Institute (Saneri). |