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Friday, January 22, 2010
INTERBLUE GROUP OWNERS REVEALED
Several documents published on Wednesday, January 13, have revealed that the US-based company Interblue Group, which is at the centre of a long-running scandal over the below-market-rate sale of Slovakia’s unused national greenhouse gas emissions quotas, was actually owned by the firm's two executive directors, Jana Lütken and Hans Grob. Lütken had previously been identified only as a manager of the firm, about which neither Interblue nor the Slovak government, its partner as vendor in the sale, have chosen to reveal many details.
The documents were issued by the authorities in the State of Washington, USA, where Interblue Group was originally registered, and made public by the Slovak watchdog organisation Fair-Play Alliance (AFP). One document published by AFP on its website shows that Interblue Group never registered with the US Internal Revenue Service.
Environment Minister Jozef Medveď said on January 12 that the company had signed over its business rights to a Switzerland-based firm called Interblue Europe. He did so in response to information in the media that Interblue Group ceased to exist in late 2009. Medveď declared that Slovakia would insist that Interblue Group's successor should pay an additional €15 million that was included in the original deal in relation to so-called green projects. Following a government session on January 13, Medveď said he was not aware of the fact that Lütken was not only an executive in Interblue Group, but that she also co-owned the company.
Asked if he as a minister would publish new information, Medveď said he was going to focus on seeing that the company's successor pays the additional amount specified in the contract.
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FAKTY o predajoch a SCHEMY okolo predaja emisii vo svete
(Reuters) - Companies and governments are turning to emissions trading as a weapon to fight climate change in a carbon market worth $125 billion last year.
Carbon markets allow polluters to buy rights to emit greenhouse gases such as carbon dioxide and are often seen as more politically acceptable than carbon taxes.
Under cap and trade schemes, companies or countries face a carbon limit. If they exceed their limit they can buy allowances from other polluters which stay under their cap.
Alternatively, they can buy carbon offsets from projects which avoid greenhouse gas emissions outside the scheme, often in developing countries.
On Thursday, Australia's parliament rejected a plan for an emissions trade regime, prolonging financial uncertainty for major emitters. But the government renewed its pledge to push through the scheme before December.
Following is a list of established and proposed schemes:
ESTABLISHED SCHEMES
1. Kyoto Protocol:
Launched 2005.
Mandatory for 37 developed nations, excluding the United States which never ratified the pact
Covers: all six main greenhouse gases
Target: 5 percent reduction in 1990 emissions by 2008-2012
How it works: Rich countries cut greenhouse gases at home or buy emissions rights from each other -- if one country stays within its target it can sell the difference to another emitting too much. Alternatively, they can buy carbon offsets from projects in developing countries under Kyoto's clean development mechanism.
The present round of Kyoto expires in 2012 and the world has committed to sign a new pact in December.
2. European Union Emissions Trading Scheme:
Launched 2005.
Mandatory for all 27 EU member states.
Covers: Nearly half of all EU carbon emissions
Target: 21 percent cut below 2005 levels by 2020
How it works: Member states allocate a quota of carbon emissions allowances to 11,000 industrial installations. Companies get most permits free now but many electricity generators will have to pay for all these from 2013.
Companies can buy carbon offsets from developing countries if that works out cheaper than cutting their own emissions.
3. North-eastern U.S. states' Regional Greenhouse Gas Initiative (RGGI) cap and trade scheme.
Launched: January 2009
Covers: carbon from power plants in 10 north-east states
Target: 10 percent cut below 2009 levels by 2018
4. Japan's voluntary carbon market
Launched: October 2008
Covers: carbon emissions from energy production, 2008-2012
How it works: Companies exceeding their voluntary targets can buy carbon allowances from others which stay under theirs, or from small companies to help them fund efficiency gains, or buy carbon offsets.
PROPOSED SCHEMES
1. Australian Carbon Pollution Reduction Scheme
Launch: mid-2011
Covers: 75 percent of all Australia's greenhouse gas emissions
Target: Australia's national target is to cut greenhouse gases by 5-25 percent below 2000 levels by 2020, depending on what other countries commit to.
How it will work: Australia will auction most of its permits. The scheme plans to curb competitiveness impacts by making permits free for companies that depend on exports, and by having a carbon price cap of A$10 per tonne initially.
2. U.S. federal climate change bill
The U.S. Senate is mulling approval of a climate bill which the Democrat-controlled U.S. House of Representatives narrowly approved in June. It faces a tougher test in the Senate.
Launch: 2012
Covers: Carbon dioxide and other greenhouse gases
Target: Cut 17 percent below 2005 levels by 2020
How it would work: Industry would get most allowances for free initially. Companies could offset up to 2 billion tons of their emissions annually by paying for "green" projects. The bill would pre-empt any similar scheme from U.S. states from 2012-17 but leaves them the option to resume trade after that.
3. U.S. and Canadian Western Climate Initiative
Launch: 2012
Covers: six greenhouse gases across 11 U.S. and Canadian states, from power plants and transport
Target: 15 percent cut below 2005 levels by 2020
4. New Zealand scheme
Launch: Delayed
Mandatory: To include forestry initially, and subsequently sectors including electricity, transport and agricultural waste
Target: To be announced
Dalsi uryvok z agentury Reuters
U.S. firm to sell 15 million sovereign carbon credits
LONDON (Reuters) - World Energy Solutions is selling 15 million sovereign Kyoto Protocol carbon emissions rights through its World Green Exchange, the Massachusetts-based company said in a statement late on Monday.
Under the Kyoto climate change pact, signatory nations that are comfortably below their greenhouse gas emissions targets can sell excess emissions rights called Assigned Amount Units (AAUs) to countries struggling to meet their own targets.
World Energy would not say from which country the AAUs originated, but said more information would be disclosed to registered bidders from Wednesday.
Critics have called AAUs "hot air," arguing that most were generated through restructuring in eastern Europe in the 1990s, when polluting industries in ex-communist countries were shutting anyway, rather than through new investment.
World Energy said the sale's proceeds will be invested in green infrastructure in that country, but would not give further details on the projects involved.
This is the second AAU deal involving a U.S. company in the past year.
Carbon market analysts Point Carbon reported late on Monday that Slovakian Prime Minister Robert Fico is attempting to scrap a deal made late last year which saw 15 million AAUs sold to U.S.-based Interblue Group at 5.05 euros ($7.22) per tonne of carbon dioxide.
World Energy, an operator of online exchanges for energy and green commodities, said the offering period for its AAUs ends September 16, 2009. Shares in the company traded on NASDAQ were nearly unchanged at $3.41.
Slovakia to end CO2 deal with US Interblue Group
BRATISLAVA, Aug 31 (Reuters) - Slovakia will terminate a contract with a small U.S. company to sell excess carbon emission rights, a deal that led to the sacking of an environment minister, Vice Prime Minister Dusan Caplovic said on Monday.
Prime Minister Robert Fico had repeatedly rebuffed criticism of the deal with the Interblue Group in which the opposition party and media claimed the state would lose tens of millions of euros. He said they were ungrounded attacks on the government.
Fico, who sacked his third environment minister last week and took the ministry from his coalition partner the Slovak nationalists [ID:nLJ110895], introduced Caplovic as interim environment minister earlier on Monday.
"I can give a kind of a promise, regarding the option-deal over the (future) carbon emissions ... where Slovakia is obliged to provide additional emission credits by 2012 ... in this case we will, explicitly, terminate the contract," Caplovic told reporters.
Opposition parties and media have grilled Fico's cabinet for months saying the sale of the country's extra carbon credits to the little-known Interblue Group last November would cost Slovakia tens of millions of euro.
Through the Kyoto's emissions trading schemes, nations comfortably below their greenhouse gas targets can sell excess rights to countries emitting above their targets.
The media and opposition have said Slovakia, which received around 76 million euros for the deal, lost at least 40 million euros because it sold the rights, called Assigned Amount Units (AAU), for less than other countries received.
They have often cited Hungary's sale of 8 million carbon emission rights at around the same time. Hungary has not disclosed the price in its deals with Spain and Belgium, but Slovak media reported it was at least 12 euros a tonne. (Reporting by Martin Santa, Editing by Michael Kahn and Peter Blackburn)
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Webova stranka INTERBLUE GROUP
Webova stranka INTERBLUE GROUP je docasne pod vystavbou. To je doslova co tam pise. KLIKNI SEM a uvidis webovu stranku tejto spolocnosti. Mozno tato spolocnost chysta uplne novy dizajn tejto webovej stranky obsahujuce pravdive udaje a sposoby podnikania tejto INTERBLU GROUP spolocnosti. Cas ukaze tak sa nechajme prekvapit ved domena pre tuto spolocnost vyprsi az 19 novembra 2010 takze casu dost ved mozno tu domenu nakoniec aj predlzia ved urcite ma vytvorenu nejaku tu website navstevnost (website traffic) a nazov INTERBLUE GROUP sa podla mna hodi aj ako nazov firmy napriklad pre maliara. Ved pozrite si to sami aka popularna je tato ich webova stranka KLIKNI SEM a ake ine webove stranky su napojene na www.interbluegroup.com
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