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Newsletter

portfolio 2006/07

Our General Portfolio is used to reduce emissions for all offsets purchased online and by many of our business customers. We open a new portfolio for offsets sold each financial year and 2006/07's portfolio comprised the below projects:

 

Project

Standard

ERs

Expected vintage

Carbon Status

Project Status

Registry

Cambodia efficient stoves

VCS

49,163

2006

Verified 06/07

Operational,
delivering tonnes

CDC


Mulan wind power, China

VCS

19,557

2005

Verified 08/07
Issued 06/09

Operational,
Tonnes delivered

 APX


Muling wind power, China

VCS

22,319

2005-7

Verified 08/07

Issued 09/09

Operational,
Tonnes delivered

APX

Rainforest restoration, Uganda

SGS

23,483

2007

SGS Validated

Operational*

 


Saihanba wind power, China

VCS

293

2006

Verified 07/07

Issued 09/09

Operational,
Tonnes delivered

APX


Treadle pumps India

VCS

539

797

2005

2006

Verified 02/09
Issued 10/09

Verified 02/09
Issued 10/09

Operational,
Tonnes delivered

APX


Treadle pumps India

VCS

164

2007

Verified 02/09
Issued 10/09

Operational,
Tonnes delivered

APX


Uganda efficient stoves

GS VER

1,100

2008-9

Verified 12/09,
under issuance

Operational, delivering reductions

GS

Emission Reduction (ER) figures shown here by each project are those assisgned to 2006/07's portfolio.

You can also review figures for the next financial year 2007/08, or help fund our current projects by calculating and offsetting your carbon with our online calculators.

* An essential requirement of all projects is the verification of the project design by an independent third party to verify projects and certify emission reductions.  Achieving verification often takes up to a year after the monitoring report for a specific vintage is received.

Please note
1. Forward delivery VERs may be delivered in a slightly earlier or later vintage depending on the performance of the project.
2. Specific projects offered may under-perform and provide lower than expected volumes for forward vintages, despite our best endeavours. To guard against this risk, we adjust down all the volumes expected from our projects based on a wide number of different criteria including similar projects' performance in the past. This means we reserve a proportion of the VERs we expect to achieve from any project and do not sell these VERs until delivery finally occurs.
3. In the event that a project fails to be registered on an eligible registry or is reasonably unlikely to generate a sufficient number of VERs to satisfy portfolio allocation, ClimateCare reserves the right to satisfy its obligations in respect of the shortfall by retiring  a volume of reasonably comparable VERs equal to the shortfall quantity from similar project(s) of a comparable quality and standard.



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