Ecosecurities
Encyclopedia
EcoSecurities is a business that sources and develops carbon credits and carbon offsets from greenhouse gas
emission reduction projects throughout the world.
The company has offices in Europe
, Middle East
, Americas
and Asia
and has a large portfolio of green house gas emission reduction projects covering numerous countries and technologies.
EcoSecurities was created in January 1997, 12 months before the Kyoto conference. After a period of organic growth, the company floated on the Alternative Investment Market
of the London Stock Exchange
in December 2005, allowing it to grow its geographic presence by placing over 300 staff in 30 countries. Its portfolio grew to over 150 million CERs - the largest in the world at the time. In June 2007, the company raised an additional €100 million to expand into new markets, with Credit Suisse
becoming a major investor. It trades in the international carbon market which was valued at €38 billion in the first six months of 2008.
The former President and co-founder of EcoSecurities was Pedro Moura-Costa
and the former CEO was Bruce Usher.
At the end of 2009 the firm was acquired by JP Morgan and is now an indirect wholly owned subsidiarly of JPMorgan Chase and Co. and can provide its clients with access to the scope of services provided by the bank's Environmental Markets business in addition to those activities of sourcing and developing greenhouse gas abatement projects outlined above Following on from acquisition of EcoSecurities the company appointed Paul Mark Kelly as Chief Executive Officer of the company in December 2009, when the company subsequently delited from the Alternative Investment Market
of the London Stock Exchange
.
's Clean Development Mechanism
to generate Certified Emission Reduction
s which are used by governments and organisations under the Kyoto Protocol
and European Union
Emissions Trading Scheme.
Clean Development Mechanism projects that EcoSecurities has helped develop include:
standard and The Gold Standard's Voluntary Emission Reduction standard. These are sold to organisations that have no regulatory obligation to offset their carbon emissions, but wish to do so on a voluntary basis, often as part of a carbon neutrality or corporate social responsibility
programme.
Some of EcoSecurities' current and historic clients include Yahoo!
, Fortune Conferences and NetJets Europe
.
Voluntary emission reduction projects developed through EcoSecurities include
methane
capture for dairies in the USA and SPM Group pig farms in Thailand
Greenhouse gas
A greenhouse gas is a gas in an atmosphere that absorbs and emits radiation within the thermal infrared range. This process is the fundamental cause of the greenhouse effect. The primary greenhouse gases in the Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide, and ozone...
emission reduction projects throughout the world.
The company has offices in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
, Americas
Americas
The Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...
and Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
and has a large portfolio of green house gas emission reduction projects covering numerous countries and technologies.
EcoSecurities was created in January 1997, 12 months before the Kyoto conference. After a period of organic growth, the company floated on the Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in December 2005, allowing it to grow its geographic presence by placing over 300 staff in 30 countries. Its portfolio grew to over 150 million CERs - the largest in the world at the time. In June 2007, the company raised an additional €100 million to expand into new markets, with Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
becoming a major investor. It trades in the international carbon market which was valued at €38 billion in the first six months of 2008.
The former President and co-founder of EcoSecurities was Pedro Moura-Costa
Pedro Moura Costa
Pedro Moura Costa is an entrepreneur involved in environmental finance with a focus on the international efforts for greenhouse gas emission reductions...
and the former CEO was Bruce Usher.
At the end of 2009 the firm was acquired by JP Morgan and is now an indirect wholly owned subsidiarly of JPMorgan Chase and Co. and can provide its clients with access to the scope of services provided by the bank's Environmental Markets business in addition to those activities of sourcing and developing greenhouse gas abatement projects outlined above Following on from acquisition of EcoSecurities the company appointed Paul Mark Kelly as Chief Executive Officer of the company in December 2009, when the company subsequently delited from the Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
The compliance carbon market
EcoSecurities operates in both the compliance and voluntary carbon markets. In the compliance market, EcoSecurities implements projects in the developing world under the Kyoto ProtocolKyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
's Clean Development Mechanism
Clean Development Mechanism
The Clean Development Mechanism is one of the "flexibility" mechanisms defined in the Kyoto Protocol . It is defined in Article 12 of the Protocol, and is intended to meet two objectives: to assist parties not included in Annex I in achieving sustainable development and in contributing to the...
to generate Certified Emission Reduction
Certified Emission Reduction
Certified Emission Reductions are a type of emissions unit issued by the Clean Development Mechanism Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol...
s which are used by governments and organisations under the Kyoto Protocol
Kyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
and European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
Emissions Trading Scheme.
Clean Development Mechanism projects that EcoSecurities has helped develop include:
- Novagerar landfill in Brazil, the first project registered with the CDM worldwide
- small scale hydroelectricity at Cuyamapa, HondurasHondurasHonduras is a republic in Central America. It was previously known as Spanish Honduras to differentiate it from British Honduras, which became the modern-day state of Belize...
, the first to be issued with carbon credits by the CDM Executive Board - biomass to electricity for Celulose Irani BrazilBrazilBrazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
- landfill gasLandfill gasLandfill gas is a complex mix of different gases created by the action of microorganisms within a landfill.-Production:Landfill gas production results from chemical reactions and microbes acting upon the waste as the putrescible materials begins to break down in the landfill...
to electricity at AguascalientesAguascalientesAguascalientes is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 11 municipalities and its capital city is Aguascalientes....
, MexicoMexicoThe United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
The voluntary carbon market
In the voluntary market EcoSecurities develops carbon projects to sell on different markets, including the Voluntary Carbon Standard, the California Climate Action RegistryCalifornia Climate Action Registry
The California Climate Action Registry was established by California statute as a non-profit voluntary registry for greenhouse gas emissions. The purpose of the Registry is to help companies and organizations with operations in the state to establish GHG emissions baselines against which any future...
standard and The Gold Standard's Voluntary Emission Reduction standard. These are sold to organisations that have no regulatory obligation to offset their carbon emissions, but wish to do so on a voluntary basis, often as part of a carbon neutrality or corporate social responsibility
Corporate social responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model...
programme.
Some of EcoSecurities' current and historic clients include Yahoo!
Yahoo!
Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine , Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping ,...
, Fortune Conferences and NetJets Europe
NetJets Europe
- History :NetJets Europe, also known by its corporate legal name, NetJets Transportes Aéreos, S.A., was founded in 1996 as a sister company of NetJets in the United States. In 2002 Mark Booth, the man who brought MTV to Europe and the former CEO of BSkyB, became the company’s Chairman and CEO...
.
Voluntary emission reduction projects developed through EcoSecurities include
methane
Methane
Methane is a chemical compound with the chemical formula . It is the simplest alkane, the principal component of natural gas, and probably the most abundant organic compound on earth. The relative abundance of methane makes it an attractive fuel...
capture for dairies in the USA and SPM Group pig farms in Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...