Natsource, a leading environmental asset manager, today announced it was named the largest buyer of contracted carbon credits by New Energy Finance in its annual survey of activity in the renewable energy and low-carbon sectors. Natsource acted as a principal on behalf of its clients. The report noted that Natsource has contracted for over 100 million credits from Clean Development Mechanism (CDM) and Joint Implementation (JI) projects. These credits were contracted for in Emission Reduction Purchase Agreements in excess of $1 billion.
"We are pleased to be recognized for the work we have done in the growing carbon market on behalf our compliance customers and return investors," said Richard Rosenzweig, Chief Operating Officer of Natsource. "Natsource will continue to be a leader in the EU and Kyoto markets and we look forward to bringing our expertise to the evolving US market."
New Energy Finance, based in London, is a leading independent provider of research to investors in renewable energy, biofuels, low-carbon technologies and the carbon markets. Its annual survey on activity in the carbon markets has been published since 2005. The ranking methodology used by New Energy Finance includes only those projects for which credits have been contractually committed for purchase by the principal.
Natsource's Asset Management Unit is a leading environmental asset manager, with a principal emphasis on greenhouse gas markets. It is comprised of the Greenhouse Gas Credit Aggregation Pool (GG-CAP), private investment vehicles and a series of managed accounts. GG-CAP, whose participants include some of the largest power, energy and manufacturing firms, uses its participants' capital to purchase and manage delivery of a large pool of Certified Emissions Reductions (CERs) created by CDM projects and Emission Reduction Units (ERUs) created by JI projects that participants can use to comply with GHG emissions targets from 2005-2012.
Natsource Asset Management LLC manages private investment vehicles and a series of managed accounts. These investment oriented vehicles pursue a strategy designed to take advantage of significant opportunities that exist in global emission and renewable energy markets.