EcoSecurities

EcoSecurities triumphs in the 2008 Environmental Finance Awards

December 18, 2008

DUBLIN. – 17th December, 2008 – EcoSecurities, one of the leading companies in the business of sourcing, developing and trading carbon credits worldwide, has been voted ‘Best CDM/JI Project Developer ““ Kyoto Projects’ for the second year in a row alongside the award for ‘Best Voluntary Market Project Developer’.

EcoSecurities was also voted runner up in two further awards, ‘Best Advisory ““ Kyoto Project Credits’, which EcoSecurities has previously won seven years in a row, and ‘Best North American Mandatory Markets Project Developer’.

More than 1,600 votes were received in the annual survey, conducted for the ninth year by Environmental Finance, the leading international magazine covering environmental and carbon markets, investment and risk management, and its sister publication, Carbon Finance.

EcoSecurities was also named one of four leaders in a green quadrant analysis conducted by Verdantix. This detailed survey was conducted to assess which CDM Project Developer companies should turn to, to gain certainty about the delivery and price of certified emission reductions (CERs). Verdantix is a leading independent provider of business research and strategic analysis to help firms change profitably with the climate.

Established in 1997, EcoSecurities has one of the largest and most diversified carbon credit portfolios in the world, consisting of over 400 projects, which have the potential to generate up to 118 million carbon credits through to 2012.

EcoSecurities’ President, Pedro Moura Costa, said “We are very pleased to receive these rewards from Environmental Finance and to be recognised in the Verdantix survey as one of the four leaders in CDM project development. These awards reinforce our position as one of the leading companies in sourcing, developing and trading carbon credits worldwide and we look forward to building on our success to date during 2009 and beyond.”

Mark Nicholls, Editor of Environmental Finance commented, “The carbon market is evolving at a dramatic rate and attracting a growing number of participants, reflected again this year in the record number of responses to our annual market survey.” “More than 1,600 companies voted for the leading financial institutions and service providers involved in environmental finance, making the survey the most closely watched assessment of excellence in the sector,” he added.

Editor’s Notes: EcoSecurities is one of the world’s leading companies in the business of originating, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the Kyoto Protocol, working with both project developers and buyers of carbon credits.

EcoSecurities works with companies in developing and industrialising countries to create carbon credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. With a network of offices and representatives in 36 countries on five continents, EcoSecurities has amassed one of the industry’s largest and most diversified portfolios of carbon projects.

EcoSecurities also works with companies in the developed world to assist them in meeting their greenhouse gas emission compliance targets. Utilising its highly diversified carbon credit portfolio, EcoSecurities is able to structure carbon credit transactions to fit compliance buyers’ needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan.

Working at the forefront of carbon market development, EcoSecurities has been involved in the development of many of the global carbon market’s most important milestones, including;

Becoming the first project developer to become a member of the World Business Council for Sustainable Development
Development of the first CDM project registered under the Kyoto protocol, NovaGerar Landfill Project in Brazil in 2004;

Structuring of the CDM component of the first project to receive CERs in the world, La Esperanza hydro project in Honduras in 2005.

Received Point Carbon’s award for ‘Best CDM/JI Project Developer 2006’ and in 2007 was voted ‘Best Project Developer – Kyoto Project Credits’, and ‘Best Advisory Firm – Kyoto Project Credits’ for the seventh year in a row in readers surveys conducted by Environmental Finance magazine.