Carbon Credit Stocks.pk

[MadeBucksOnThis]

repost...

MBOT

Posted by: stervc Date: Tuesday, January 19, 2010 9:42:13 AM
In reply to: gadsen who wrote msg# 12476 Post # of 12638

gadsen, with Carbon Credits...

There is some good and bad out there about carbon credits, but from doing my DD, it will be not primary, not secondary, but possibly tertiary on their list of things to get around to venturing. If anything in this arena works out in their favor, it could bring huge Revenues to KATX. Here is something below that's very powerful that supports carbon credits:

http://www.ecoseed.org/en/general-green-news/green-business-news/green-business-news/5470-Steel-magnate-strikes-gold-in-carbon-credits
Steel magnate strikes gold in carbon credits
Tuesday, 08 December 2009 07:30

Indian tycoon Lakshmi Mittal’s steel empire could earn him a £1 billion ($1.643 billion) windfall through carbon credits from the European emissions trading scheme, reported the British Sunday Times.

The European emissions trading scheme (E.T.S.) grants a company carbon dioxide emissions allowance. Once they exceed the emissions cap, they must buy extra permits from other companies with unused allowances.

According to the Sunday Times, an investigation revealed that steel plants in the E.U. under Mr. Mittal’s company Arcelor Mittal were permitted 90 million metric tons of emissions from 2008 to 2012. However, the company emitted just 68 million metric tons partly due to the recession.

Since the company reportedly has the lion’s share of credits in the region, Anna Pearson, an E.T.S. expert, pointed out that Arcelor could avoid cutting greenhouse gas emissions for years that could undermine the point of the scheme.

This year, the company’s emissions are even expected to dip to 43 million metric tons. Ms. Pearson estimated that the company could even accumulate a surplus of 80 million metric tons, which is equivalent to the pollution Denmark makes in a year.

Carbon credits are currently worth £12.70 each, but the E.U. plans to drive up the price to over £30.

Professor Jim Hansen, director of National Aeronautics and Space Administration’s Goddard Institute for Space Studies, said companies go into emissions trading expecting to reap huge profits.

ArcelorMittal said its excess carbon credits are an increasingly important asset.

The steel company is listed on the stock exchanges of Paris, Amsterdam, New York, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.