Sunshine-Empire & EmMax

Carbon credit prices are set to rise from the beginning of the third phase of the EU's Emissions Trading scheme if, as expected, parties are obliged to buy their full quotas via auction, rather than the current system of free allocation. There is also talk of a baseline being implemented for carbon credit prices, fixing a minimum price, in the fight to reach the 2020 target of 5.2% lower emissions on 1990 levels.

The Emissions Trading Scheme has come in for criticism for not effectively enough fulfilling its purpose of resulting in true reduction in emissions from heavy polluters across the EU. Phase one of the EU ETS ran from 2005 to 2008. Polluters were given a carbon quota with one credit representing one ton of carbon emissions, or its equivalent in other greenhouse gases. Emissions to the equivalent of one ton of one ton of carbon meant one carbon credit had to be retired, with the number of credits allocated to the particular emitter, being their ceiling for emissions over the three year period. In the event that an emitter used up their allowance of carbon credits, they would have to buy additional credits from either other emitters with a surplus, or carbon reducing projects allocated with carbon offsets. The idea was that this carbon trade would put a monetary cost on emissions above the allowed level, and pay for the offsetting of these emissions elsewhere, creating an overall gradual reduction in global greenhouse gas emissions.

The criticism of phase one, and two a lesser extent the current phase two, where the carbon credit allowance runs from 2008 to 2012, is that emitters were handed allowances large enough that there was a carbon credit surplus and no real reduction in emissions took place. In reality, carbon allowances were such that emissions actually rose slightly over phase one. Phase two has seen a slight reduction, but emission levels are still around the 2005 baseline. Proponents of the scheme argue that phase one can be considered an implementation period where emitters were essentially trained in the carbon credit system and its mechanics while giving them time to plan for more stringent emission quotas. Phase two has seen carbon credit quotas reduced and emitters beginning to tighten their belts in terms of emissions.

Phase three is where things really kick in. The industries and emitters covered by the scheme will be widened. One prominent example of this widening reach of industries which will come under the carbon credit system, is the airline industry. Also, whereas in phase one and phase two, initial carbon quotas were allocated, not paid for, it is mooted that in phase three the overall carbon credit pool will be auctioned off, with polluters bidding for the level of emissions they will be entitled to make. Between 2013 and 2020, the overall pool will be reduced by 1.75% annually, with the aim of hitting a 21% reduction on the 2005 emissions baseline for EU emissions, by 2020.

Whether or not some reduced degree of allocation will remain, or whether a full auction system will be implemented, carbon credit prices will almost certainly rise as reduced quotas invert the supply and demand ratio which has so far existed in the more lenient first and second phases.

The balance between establishing a higher market-based carbon price, and not making EU exports uncompetitive due to the additional cost burden compared to regions without a carbon cap, or a less strict one, will be delicate. With the EU fully committed to the EU ETS system it will have to be found if the carbon system is to be justified as a truly effective means to reducing global emission levels.

With the EU fully committed to the EU ETS system it will have to be found if the carbon credit system is to be justified as a truly effective means to reducing global emission levels. More details about carbon credits you may find on carbon-investments.co.uk

Labels: Carbon, Credit, Prices, Prospect

The United Nations recently achieved a new milestone in its innovative environmental policy by approving a New Delhi metro system for carbon credit issuance. The metro in the capital of India was first launched in 2002. According to the UN, during its nine-year run, it has contributed to the annual reduction of 630,000 tons of greenhouse gas emissions in the city with 14 million residents.

The passenger rail system, which runs partly underground and party on elevated tracks, is one of the most successful public transportation projects carried out by the Indian government to date. It is estimated that, thanks to the metro, about 90,000 carbon-emitting vehicle trips are kept off the roads.

The rail system is able to achieve its emission reductions by employing an innovative regenerative braking technology, which cuts energy use by almost 30 per cent. Over the next seven years, the new UN carbon credit program will earn $9.5 million for the New Delhi metro. The initiative is part of the UN goal to encourage developing countries to invest funds in transportation networks, which help reduce greenhouse gas emission.

"No other Metro in the world could get the carbon credit because of the very stringent requirement to provide conclusive documentary proof of reduction in emissions," according to the official statement issued by the UN. The international organisation further claims that each passenger, who, instead of jumping into their car or on the bus, chooses to hop on the metro, can help save about 100gm of carbon dioxide for every trip of 10km.

In addition to being environmentally friendly, subways have been the most commuter-friendly means for public transportation in metropolitan cities for years. In Tokyo, for example, more than 3.1 billion people use the metro system each year. In New York City, that number is over 1.6 billion, and in London, 1.1 billion take advantage of the convenient tube network annually. The more the passengers, who opt for the metro, the higher the amount of GHG emissions that are being prevented from entering into the atmosphere.

Typically running underground, metros are a time-saving alternative to buses and on-road rail cars, which, just like regular vehicles, often fall victims of grueling morning and after-work traffic. Underground rail systems, on the other hand, run independent of traffic jams caused by long waits at traffic lights and, in some cases, car accidents. Being underground, their operation is also relatively unaffected by severe weather conditions such as snowstorms and heavy rains, which can seriously impair above-ground traffic.

Metro systems are probably the most expensive transportation systems to build and maintain. As a result, many developing countries are falling behind in establishing solid underground rail infrastructure. According to Dr. Jean-Paul Rodrigue, professor at the Department of Economics and Geography at Hofstra University, only about 80 large urban agglomerations have built a subway system, and the majority of them are located in developed countries.

Recognising metro systems for their capacity to keep city environments clean and city roads less congested, and rewarding them accordingly, can benefit local economies and commuters alike. Financial incentives such as carbon credit issuance can make it possible for governments to build additional tracks and expand the underground infrastructure in places where such tracks wouldn't be financially viable in the absence of a carbon credit incentive. It will also encourage innovation in the area of transportation, while cost effectiveness and energy efficiency climb up on the list of priorities.

But the responsibility should not fall exclusively on the international community to make financial incentives available. It is ultimately up to the metro systems to take responsibility in proving their effectiveness in GHG emission reductions, so that they can qualify for carbon credits. As the UN points out in their statement, only the New Delhi system has so far provided documented proof of its energy efficiency. Local governments have to establish verification entities, which monitor and report emission reductions by their metro systems. The process can take time and resources, but the benefits should potentially outweigh the expenditure.

Local governments and international bodies such as the UN need to show equal commitment in keeping the air clean from polluting vehicles while developing eco- and commuter-friendly public transit systems. Only then can global warming and its potentially catastrophic effects can be stopped in their tracks. For further details on carbon credit please visit http://www.carbon-investments.co.uk/

Labels: Benefit, Carbon, Countries, Credit, Developing, Infrastructures, Program

The last few months have been unfortunate, to say the least, for Bank of America Merrill Lynch. The U.S. financial giant has come under fire on more than one front -- from lawsuits, to a downgrade in ratings, to falling stocks and dissatisfied customers. Amid corporate image woes, the company announced this week a groundbreaking multi-million dollar carbon credit deal with California-based TerraPass Inc.

It seems like Bank of America has every reason to look for ways to mend its damaged name and to reposition itself on the global commodities market. The announcement of the carbon credit agreement, then, should not come as a surprise. Through the bold and innovative move, one of the world's largest financial institutions is vying to become a leader in carbon credit trade in California after the state implements its compliance carbon trading scheme in 2012.

Under the carbon credit agreement, Bank of America Merrill Lynch Global Commodities Group has an option to purchase and bring to market several million tons of California carbon offsets from TerraPass Inc. through 2020, which will be generated from a pool of agricultural methane projects located throughout the U.S. All of the company's agricultural methane projects follow regulations, which are compliant with California's Global Warming Solution's Act and its offset protocol.

Abyd Karmali, global head of Carbon Markets in the Global Commodities Group at Bank of America Merrill Lynch, said of the deal: "By acting as a first mover in California, we are positioning ourselves as the offset provider of choice for companies that will need to become compliant under these new regulations."

One has to wonder, is Bank of America's new green deal indicative of the company's genuine concern for the environment? Or it shows the company's progressive business thinking and investment savvy for entering a promising, yet untapped, niche market? Or maybe it is just a smart PR move?

Companies, who have tried to differentiate themselves and gain a competitive edge, are no strangers to using environmental sustainability, carbon offsetting and climate change as part of their marketing campaigns. With consumers and investors growing more and more eco-conscious, it seems like a smart business move to adopt a more sustainable business model. In this sense, Bank of America's agreement seems logical. And it can, indeed, help the company reinvent itself and achieve a stable position in an emerging niche market. This, in turn, will hopefully help the brand regain customer and shareholder trust.

Sustainable and ethical investments, such as entering emerging carbon credit markets, can benefit corporations in a few ways:

1. It highlights the business' commitment to sustainability and social responsibility, making it more appealing to current and prospective shareholders. As in the case of Bank of America, teaming up with TerraPass Inc. is a clear message that the company is adopting an innovative business model, which places current environmental issues at a higher priority when compared to traditional business models. In a time when "green" is in, sustainable practices certainly receive attention, and the right kind at that.

2. A company can gain a competitive advantage by differentiating itself, especially in client-oriented markets. Financial institutions today are facing a stiff competition. As customers are becoming more and more aware of their impact on the environment, by offering them the option to participate in the green economy, Bank of America is clearly trying to regain client attention, confidence and trust. For the same reason, Google decided to make publicly available its carbon footprint. The search engine company also stressed its commitment to alternative energy as a way of maintaining its carbon neutrality. And with the launch of Google+ a few months ago, a platform aimed at earning a chunk of the winning and highly competitive social networking market, Google is making all the right business moves to gain customers. Needless to say, clients will take notice of its green efforts.

3. It shows innovation and leadership. As Karmali himself said, it's a way of placing the company in a favourable pro-active position while others are still weighing in their options. Financial experts expect that the California's Global Warming Solution's Act will lead the way to the world's second largest carbon trading market after the European Union Emissions Trading Scheme. Bank of America is ready to take advantage of the untapped pot of gold. Its corporate leadership is showcasing not only creativity when it comes to investing, but also farsightedness -- a quality much-appreciated in the financial world.

As with any emerging market, the California compliance carbon credit market will take some time to generate momentum and return monetary rewards. Until then, Bank of America and other parties, which are optimistically placing their bets on carbon's promising future in the U.S., can enjoy the benefits of good press and public approval - both quite effective in diverting attention from corporate crises.

Labels: Americas, Carbon, Credit, Image, Tarnished

Bad credit loans from credit unions assist people who do not want to get stuck with bad credit on their credit files. A clean file is surely the way go to. That is why people who have bad credit find many ways to clean up the mess and get on with their normal lives.

Credit unions are financial institutions that have been formed so as to provide assistance regarding financial matters. Most of them are in the business of helping out rather than gaining profit. And through providing and offering bad credit loans, among the many other services they provide, they are able to assist people one way or the other.

According to a couple of studies done by various organizations, credit unions have been constantly lending a hand to people who are trying to work their way up and clean their financial records as they go along. These credit unions are providing more assistance and more bad credit loans to people who have lower incomes.

Of course, each of the programs has its own set of requirements and specifications. Each has been designed and carefully thought out so as to fit the needs of their clients. There are requirements that one should qualify for, though. The rates are usually much lower compared to other sources of bad credit loans. Repaying the loan is usually planned so as to give the person the chance to be able to pay and at the same time balance the money on hand.

If you are interested in applying for a bad credit loan from a credit union, try to go over each program that the various credit unions offer. You can check and compare which loan will better suit your financial status as well as your ability to pay.

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Labels: Credit, Loans, Unions

Every person today wants to look the best - may we say, this is the age of the looks. And why not? It is not uncommon to see the best looking females and the most well groomed males walk off with the best jobs if adequately qualified too. And if this is so important that it even helps enhance one's own image about oneself, a small amount of money must not desist you from going ahead with a surgery to look better - not even if you do not have a good credit history.

Looking at this strong upsurge in the cosmetic surgery industry - around 10% year over year, doctors started developing the concept of global fee - an all inclusive fee paid for all (or most ) of what is required to perform a particular cosmetic surgery procedure. This would mostly contain the cost of medication, operation, hospitalization, post-operative accessories and post-operative care. And with this was the advent of cosmetic surgery loans as the option to cover the entire cost and pay it off in simple installments.

The credit history of the borrower is important in this regard. With a good credit record, it is possible to find loans with interest rates up to 10% but with a poor credit record, the amount can be as high as up to 14 or 24%. Still, this should not stop someone from going ahead with the surgery - and timely repayment would also enhance the credit record and the interest on the loan.

Let us have a look at what constitutes a bad credit record. The most prominent reason is slipping on payments. This worsens the credit records of an individual. But the credit record would also be bad if there is no credit history at all. If there has been no loans taken, there are no credit records and when one goes to a lender's doorsteps, the rates charged are higher.

This should not stop the individual from undergoing cosmetic surgery or taking a loan for that. What needs to be understood is that not taking a loan would not better the credit records. The only way out is to take the loan and then make timely repayments. This would increase the credit scores and the next time when a loan is required, it is available at a lesser interest rate.

Before going ahead with a cosmetic surgery loan when in bad credit, one must be picky about the interest rate on offer and must investigate and choose the best in the market. Just because an individual does not have a credit record or has defaulted a couple of times does not mean accepting any rate that is offered.

There are lenders who allow one to choose the person or hospital where the surgery would be performed. If such an option is available, it is best to choose one. To get the surgery done from a known person also is comforting, and one can be more sure of the exact expense requirements. Financial planning is a must also taking into account the regular repayments to be made. This is also enhance your credit history as a borrower and make future loans cheaper.

Cosmetic surgery loans are available for amounts up to £25,000 or slightly more even for the unemployed. The period of these loans may vary from 2 to 5 years. It is usually possible to obtain one with no pre-payment penalty and one should look at these points in detail while signing on for a cosmetic surgery loan.

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Labels: Cosmetic, Credit, Loans, Surgery

We all find ourselves in need of money fast sometimes. But is it possible to find bad credit loans, no collateral needed when we have made financial mistakes in the past. The worse your credit rating the more credit lenders want security in the form of a car or home for collateral against the loaned money. Luckily there are options and it is possible to find bad credit loans no collateral needed.

If you are in need of money fast but are lacking the traditional items used for collateral for your new loan you might find traditional lenders unwilling to extend you the credit that you seek. Most credit lenders are willing to overlook your credit rating because you offset the risk of the loan with the asset you are willing to collateralize, without that option you are left with a very special set of lenders to work with.

If you find yourself in this specialty group and still needing bad credit loans with no collateral needed for approval, the process is much easier than it was many years ago. With the advent of the internet, personal finance and the process of finding a bad credit loan has become faster and simpler than in recent decades. These specialty no collateral bad credit loans can now be found easily and with little difficulty, often in a matter of minutes.

One need only take the particulars of their personal finance situation to an online broker who can then shop your needs and capabilities to the countless collateral free bad credit lenders and programs that are available. Most companies that you will discover online are not actually direct lenders but brokers that have various lenders looking for customers with varying loan opportunities available. Needing a loan with no collateral is very common and luckily, not to difficult to fund.

Bad credit loans, no collateral needed loans, personal loans and other financial offers will readily court you as a customer. The key to finding the best no collateral needed loans for a poor credit rating is to get multiple quotes from the different lenders that are available, compare the offers and choose the loan that best meets your unique needs.

It is important to remember these bad credit loans with no collateral needed are specialty offers, and sometimes might not be designed for your unique situation. Shop around comparing loan agreement offers and try not to accept the first lender that offers you an approval for the money you need. You might have a better loan waiting right around the corner. Check out what these lenders can offer, you deserve the financial relief.

Ariel Pryor is a consumer credit expert who helps people with Bad Credit to find financing with loans and or credit options despite their credit history. Let me help you get back on track to wealth building, check out Bad Credit Loans. Let me help rebuild and get back to the financial rewards you deserve.

Labels: Collateral, Credit, Loans, Needed

Finding extremely bad credit loans with easy approvals can be tough. Traditional lenders will not work with extremely bad credit loans and penalize you for your credit history, but there are private lenders and non traditional loan offers available that provide unsecured no credit check loan programs to people just like you.

Extremely Bad Credit Happens

The credit crisis has increased the numbers of honest hardworking people just like yourself that find themselves faced with the challenges of having extremely bad credit. Bankruptcies, foreclosures, seizures and legal judgements are more common than ever, and many Americans found themselves caught unaware by the turbulent financial markets and economy. Savings have been wiped out, investments have been lost, and to make matters worse, traditional lenders have turned their back on working with people whose credit is bad because of the credit crunch.

If your credit is extremely bad that doesn't mean your financial life should end. Whether you have a sterling clean credit score or the lowest FICO on the planet, credit cards, loans and borrowing is a part of a healthy personal finance plan. People need cars to work, loans for homes, and credit cards to make purchases, in some cases it is required. So where does one turn when traditional banks and lenders will not approve your loan application because of your credit score?

Bad Credit Loans Can Help

Bad credit loans are easy to get approved regardless of your financial history. These lenders factor in other matters for qualification. Extremely bad credit loans are given out each and every day to thousands of honest, hardworking individuals that need to borrow money for pressing financial needs. Qualifying for bad credit loans, typically, is a matter of proving you have a steady income, whether by employment or security checks. There are some payday lenders that will guarantee approvals, no credit check required.
When looking for bad credit loans your path is determined by how extremely bad your credit actually is. If you can qualify for more traditional loans, I would recommend pursuing those financial instruments, as they usually have lower interest rates and longer financing terms. But if your credit is extremely bad and traditional loans are unavailable, you need a starting point to begin to build your credit anew. Personal loans and private credit loans are a great place to start again.

Apply Today

You can apply for multiple offers and the credit lenders will typically provide you with a loan offer detailing how much money they can provide you and at what financing terms. There is no obligation to accept your new loan offer, compare what the lenders can provide and choose the best for your needs. All of this can be done from the comfort of your own home, apply today, it's that easy.

Labels: Credit, Extremely, Loans, Today

Excellent credit truly has its rewards and advantages. You are pretty much guaranteed low loan rates and affordable payments on all types of loans. Whether you are looking to finance a home, remodel, renovation, vacation, education, adoption, wedding, honeymoon, medical procedure, car, boat, or airplane, or anything else, if you have excellent credit, you can get a loan with a low, affordable interest rate. But what exactly is 'excellent credit' in the eyes of a lender?

Research shows that given the unique nature of each individual's credit situation, and given each individual lending institution's credit standards, there is no single definition for 'excellent credit'. However, it is true that across the board, individuals with excellent and substantial credit generally share the following characteristics:

- A FICO score of 660 or above.

- Five or more years of significant credit history.

- A credit history with a variety of accounts such as major credit cards, installment loans (such as auto loans), and mortgage loans (if refinancing).

- An excellent repayment history with no delinquencies or other problems repaying debt obligations.

- A proven ability to maintain savings.

Many people are surprised to discover that whether or not you have maintained a savings account was included as a factor when lenders determine creditworthiness. But if you think about it, it makes sense. If you are earning enough money to pay your bills, pay them on time, maintain your everyday lifestyle, and still have money left over to put into a savings account, your default risk is low and you can expect to qualify for many different types of low interest rate credit. You have earned the right to take advantage of all kinds of promotions, offers, and terms that can even include portions of your loan repayment at zero interest.

If you are looking for excellent credit loans or credit cards for excellent credit, I can help. My website connects you with the best lenders offering low interest rate credit. If you have excellent credit, visit LowRateSearch now.

Labels: Credit, Excellent, Loans