CRM Portfolio Grows to Over 45 Million Tonnes
Carbon Resource Management has a portfolio of over 45 million CERs and VERs under contract, as of November 2008.
Nick Clarke, CRM's CEO expressed his thoughts on the progress being made by saying, "The Company has secured a strong presence in China, based upon an experienced team and good relationships with our partners. We are also seeing the results of our work outside of China, having secured contracts in Vietnam, India, Pakistan, and countries in Eastern Europe and Central Asia. We are optimistic of further significant growth in 2008/2009”.
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CRM receives approval for 12 projects
Twelve of Carbon Resource
Management's projects have been given approval by the Chinese DNA, the Office of
National Coordination Committee on Climate Change. The projects include three biomass
projects, seven windfarms, a hydropower scheme and a coal mine methane project and
will result in the issuance of over 7 million CERs to 2012.
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Letters of Approval received for Chifeng windpower projects
The Chinese Designated National Authority,
NC4, has issued Letters of Approval for two windfarms at Saihanba near Chifeng City,
in Inner Mongolia. Carbon Resource Management is buying the CERs and preparing all
of the documentation required to enable the projects to be registered under the
Clean Development Mechanism. The projects will lead to carbon emission reductions
of over 1.25 million tonnes from electricity generation on the Northeast China Power
Grid between 2007 and 2012.
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Saihanba wind power projects registered
CRM's Saihanba East and Saihanba North
windpower projects have been registered as CDM projects. The 45MW windfarms situated
in Inner Mongolia are now supplying electricity to China's Northeast Power Grid,
with each windfarm expected to generate over 100 GWh per year and lead to emission
reductions in the region of 100,000 tonnes of carbon dioxide per annum.^ Top
CRM buys lCERs from afforestation project
Carbon Resource Management
has signed up to purchase long-term Certified Emission Reductions (lCERs) from an
afforestation project in the Shibi Mountains of Shanxi Province, China. CRM is one
of the first organisations that has signed an agreement to purchase lCERs, which
can be used in place of CERs to meet obligations under the Kyoto Protocol. The project
forms part of an important watershed management programme in Shanxi Province.^ Top
CRM launch
Carbon Resource Management Limited was established in
early 2006.
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