Portugal is well and truly in the carbon market
2 December 2005, News release from Carbon Capital Markets
Carbon Capital Markets negotiates Portugal's first spot EUA transaction, Ceramica de Coruche switches to biomass and sells surplus EUAs
On November 15, minutes after Eng. Joao Goncalves, Presidente do Instituto do Ambiente, announced the official opening of the Portuguese emissions trading registry for the first nine companies, Carbon Capital Markets closed a transaction with one of the longest standing Portuguese ceramics companies, Ceramica de Coruche. It is expected to be the first EUA spot transaction in Portugal.
Ceramica de Coruche was able to sell their entire annual allocation of EUAs as a result of having switched to biomass given the high cost of gas prices. In dealing with Carbon Capital Markets, Ceramica de Coruche did not pay any fees or commission, was not required to be a member of an exchange, and did not need to sell a minimum volume or complete numerous complex forms.
Carbon Capital Markets exists to help small and medium sized companies exploit the opportunities and prepare for the risks associated with the EU Emissions Trading Scheme so those with a shortfall can minimise exposure to allowance price fluctuations and those with a surplus maximise potential revenues. Their 'Emissions Compliance Solutions' offering is designed to simplify the buy/sell process, particularly for companies unfamiliar with trading, whilst providing flexible and cost-effective solutions geared to the individual needs of any company with EU ETS obligations.
Eloy Sanianos from Carbon Capital Markets, Sales Manager for Portugal and Spain:
Lionel Fretz, CEO of Carbon Capital Markets, said:
For further information please email Carbon Capital Markets