Broker sells GHG emissions permits to public online
Natsource, a New York energy broker has launched a virtual emissions brokerage operation enabling individuals and organisations to buy emissions permits. The role of the new Environmental Action Desk is to broker deals with environmental and charitable organisations interested in purchasing and retiring credits for ecological benefit.
‘The retail market in emissions trading is vibrant, and organisations view it as a new way to make a statement on the environment’ said Jack Cogen, President of Natsource. ‘The Environmental Action Desk caters directly to these groups by leveraging our brokerage expertise in emissions markets and our global reach to create a user-friendly trading structure facilitating retail trades.’
The Environmental Action Desk was inaugurated with two trades, one each in the greenhouse gas and SO2 emissions markets. The GHG emissions reduction credits were bought by high school students in Los Altos, California. The school’s Environmental Club purchased several hundred tons of credits generated by Futuro Forestal forest sequestration projects in Panama. The credits are verified by Centro Cientifico de los Tropicos, a non-profit organisation based in San Jose, Costa Rica. The Environmental Club will permanently retire the credits.
The Centre for Neighbourhood Technology, a non-profit organisation involved in sustainable urban development, purchased several tons of SO2 credits. The Centre will retire the allowances to ensure the reduction of emissions and maximise environmental benefit.
Retail trades are executed by the Natsource emissions trading desk. Access is via the internet and trades are conducted via e-mail or fax and are administered by a retail trading expert. The Environmental Action Desk aims to provide extensive background on emissions trading, including informational materials on market basics and educational materials to assist schools in developing environmental curriculum.
Natsource, owned by international money broker Tullett & Tokyo Liberty, is a broker of energy related products and is involved in the power, natural gas, coal, weather hedging and emissions allowance credit markets.
Environmental Action Desk can be contacted at GHGinfo@natsource.com.
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