Category Archives: News

Announcement: Climate Mundial joins UN’s Climate Neutral Now initiative

Climate Mundial is proud to announce that it has become a supporter of the Climate Neutral Now initiative.

Climate Mundial is a climate finance and sustainable development firm, whose mission is to assist clients develop and finance renewable energy, carbon mitigation and climate adaptation projects in developing countries.

Climate Neutral Now seeks to inspire individuals and organisations and to recognise them for their contribution to climate change action, becoming part of the momentum created by the global climate agreement achieved in Paris last December.

As a company with profound understanding of the challenge that climate change represents and the opportunities that our society has to respond to that challenge and turn it into an opportunity, Climate Mundial has committed to contribute to global climate neutrality by reducing its own greenhouse gas emissions and compensating the remaining emissions with UN-certified climate credits.

“Climate Neutral Now addresses the core of the Paris Agreement promise: a climate neutral society by mid-century, to ensure that we stay below the 2 degrees Celsius target. The initiative encourages organisations and individuals to do more, now, to voluntarily contribute to reaching that goal. Climate Mundial is honoured to support such action”, said Daniel Rossetto, Managing Director of the company.

Mr. Rossetto also called for organisations of all types and individuals to support the initiative, which is led by the UNFCCC secretariat. “Everyone can contribute through their own action at home, and by supporting credible, valuable emission reduction projects that also promote sustainable development in developing countries”, he said.

For more information on Climate Neutral Now and to join it, please visit www.ClimateNeutralNow.org

Launch: Paris Climate Bond concept launched at UNFCCC climate talks

Climate Mundial today launched the Paris Climate Bond concept at the In-Session Workshop at the UNFCCC climate talks in Bonn: Exploring financing and use of the CDM by international climate finance institutions.

Click here for more details on the presentations.

Click here for more information on the Paris Climate Bond concept.

News: American Carbon Market Seen as Winner With China Accord

“A China-U.S. climate deal that involves the former committing to capping emissions is a breakthrough,” Daniel Rossetto, managing director of Climate Mundial Ltd. in London, which provides advice on emissions trading, said by e-mail. “Opponents to cap and trade in the U.S. have always been safe in quoting inaction by China as a reason for blocking cap and trade. If China follows through on today’s commitment, that pre-condition no longer holds.”

Click here to read the full article on Bloomberg.

Event: FIFA World Cup 2014 Football Without a Carbon Footprint

Climate Mundial’s Daniel Rossetto was a keynote speaker at today’s “Football Without a Carbon Footprint” workshop held at the Brazilian Embassy in London. At the event, Brazilian environment ministry director and member of the CDM Executive Board oultined the successful offsetting of more than half a million tonnes of CO2 emissions at the FIFA World Cup held in Brazil in June 2014. Click here to visit the Brazilian Embassy’s press release about the event.

EU Permits Rebound After Biggest Drop for 10 Months

Speaking today with Bloomberg News, Climate Mundial managing director had the following to say about the recent softening in demand for EU carbon permits after the initial rally in response to the approval of backloading:

“Reasoned caution has begun to catch up with the somewhat euphoric reaction to backloading. Caution comes because the commission’s 2030 package is theset of reforms that can make a difference to fundamentals and it is quite clear this will still face some political obstacles before it can be passed.”

Contact us for full details of the interview.

Green Climate Fund Seen Demanding UN Carbon Credits (Bloomberg)

As the Board of the Green Climate Fund meets in Bali, Indonesia from 19-21 February, Climate Mundial draws attention to the possible design of the Fund’s Private Sector Facility, which will be of interest to participants in the CDM market.

On the CDM the paper states:

“Regardless of the fate of carbon credits as compliance instruments in a post-2020 world, the Clean Development Mechanism (CDM) has created a credible and transparent framework for results-based (pay-for-performance) financing of low cost mitigation activities, in poor rural and urban communities in developing countries. Using reverse auctions to establish required floor prices, the PSF could provide price guarantees on certified emission reductions (CERs) from CDM projects that supply clean efficient cook stoves, high-efficiency lighting, solar photovoltaic supply and solar energy appliances, small-scale biomethanation projects and the like, driving private capital into marketplaces and countries where the product and services are unaffordable and private capital is rarely deployed at scale. The PSF could retire the CERs to avoid double-counting by re-use of these CERs for compliance purposes.”

This item and others related to climate finance were the subject of an interview today by Climate Mundial managing director Daniel Rossetto with Bloomberg News. Contact us for further details about the interview.

EU Carbon May Advance as EU Nations Consider Tightening Limits – Bloomberg

European Union carbon permits may advance in the next five months as 37 nations in the Kyoto Protocol consider tightening emission limits before 2020, according to Climate Mundial Ltd. in London. Each industrialized country in the climate-protection agreement needs to provide United Nations officials by April 30 “information relating to its intention to increase the ambition of its commitment,” according to a decision agreed a year ago in Doha, Qatar. Kyoto’s second-commitment period, which runs from this year, sets nations’ emission limits until 2020 when a new treaty is set to start.

Click here to read the full article.