As promised last week in our post announcing Verdant’s auction with World Energy, we wanted to share with you some industry commentary, as it was the first auction of its kind in North America. Some articles posted that discussed the Alberta regulations and trading market, and the actual auction:

Point Carbon (registration needed, free trial available) looks at Alberta’s regulations and how the Verdant auction was facilitated under that legislation. Hal Hamilton, founder of Verdant Energy had been previously “underwhelmed” with the price of carbon credits – most were under C$10 per tonne, well under the C$15 per tonne option emitters have to pay directly into the government. Utilizing World Energy, Verdant was able to receive prices between the C$10 – 15 range.

Air Daily (registration needed, free trial available) discusses the Alberta trading scheme and the success of the auction, by looking at the price range of the credits. With companies still trying to understand Alberta’s new GHG trading program and prices in the bilateral market running fairly low, the auction exceeded Verdant’s expectations.

Restructuring Today (registration needed, free trial available) looks at the auction, focusing on how the auction worked within this immature market. They also describe how Verdant gained the credits by burning biomass at one of the company’s Alberta plants.

We’d love to hear your comments on the articles as well as where you think the Alberta market, and other trading schemes, are headed.

 

 

Tags: Alberta, carbon market, carbon trading, Regulations, Renewable Energy

This entry was posted on Monday, January 28th, 2008 at 2:14 pm and is filed under Carbon Credits, Government Regulation, Green Energy, Green News, Greenhouse Gases, world green exchange. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.