The Climate Corporation

main language: german, second language english – same URL (to change, click on ‘Sprache’ in the left column)

Linked with Walden Bello – Philippines.

Homepage:

Climate Corporation’s EU Emission Trading Services assist companies affected by the EU Emission Trading Scheme (EU ETS) in selling or buying carbon credits. Our company was one of the first members of the leading spot exchange for EU allowances PowerNext. Climate Corporation provides companies with the means to efficiently manage allowance positions and secure investments in the GHG market …

All pages on this website run under the same URL. To find them, click on the links on the Homepage, for Emission Desk, CO2-Management, Compliance Package, Carbon Pool Europe, Newsletter, Archive 2005-2008 …

Address: Climate Corporation, Guntramsdorferstrasse 103, A-2340 Moedling/Austria, Tel: +43 2236 8002 7000.

Principles – The EU ETS: Facts and Figures:

On October 25th 2003 the directive (2003/87/EC) establishing an EU-wide greenhouse gas emissions trading scheme entered into force. As of January 1st 2005, companies from sectors covered by the scheme, in all EU and accession countries, must limit their greenhouse gas (GHG) emissions to allocated levels in two periods, from 2005-2007 and 2008-2012.

Over 12.000 installations are expected to be covered giving European industry a clear signal that GHG trading is going to be important for their future:

  • Scheme starts January 1st 2005, 1st phase 2005-2007 and 2nd phase 2008-2012;
  • Only CO2 will be included in the first phase with the potential to expand this to include the other five GHG’s from 2008;
  • Only sectors covered in Annex 1 included for 1st phase. Directive highlights the desire to include chemicals, transport and aluminium sectors from 2008;
  • Each Member State must decide on allocations to installations through the National Allocation Plan (NAP) which must be submitted to the European Commission for approval.

Penalties:

  • € 40 per ton CO2 shortfall for 1st Phase;
  • € 100 per ton CO2 shortfall for 2nd Phase;
  • And make up shortfall in subsequent calendar year.

Timetable: … (full text, click on ‘Principles’).

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