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Information Technology News m2m to acquire Carbon Planet for emissions trading
Information Technology News m2m to acquire Carbon Planet for emissions trading | m2m to acquire Carbon Planet for emissions trading |
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| by James Riley | |
| Monday, 20 July 2009 | |
  
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Carbon Planet, an unlisted public company, is a provider software and services for greenhouse gas emmissions assessment and carbon management , as well as scientific analysis and consulting services that ‘create’ carbon credits from valid projects, principally in developing economies. The company provides scientific certification to rainforest owners enabling them to be awarded with tradeable carbon credits. Carbon Planet then sells the credits on owners behalf, enabling the locals of the rainforest to receive an ongoing revenue stream – thus protecting the forest from exploitation. This new trading mechanism is called the Reducing Emissions from Deforestation and Degradation (REDD) and have been used as credits by governments and enterprises to offset their own emissions. Last year, m2m says about US$126 million worth of these voluntary credits were traded – a opportunity the company says will jump to US$14.2 billion by 2020 depending on carbon credit price movements. Both companies have said m2m’s buiness partners in north Asia – especially China – would assist Carbon Planet in developing further projects in the region. Carbon Planet has already secured a series of exclusive contracts to develop REDD projects in Asia region. The methodology and verification processes for the first projects are at an advanced stage. |
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