FinSoul: New carbon trading venture formed between Masdar and Germany’s E.on.

Jan. 20, 2010 - PRLog -- FinSoul has recently learned of another Masdar partnership with a German firm. Coming hot on the heels of the recent announcement of a clean tech fund formed between Masdar and German investment banking giant Deutsche Bank after having raised $265 million, comes the news that Masdar and E.on have joined forces to form a carbon trading venture.

EMIC is set to be based in Abu Dhabi and intends focusing on improving the energy efficiency of oil and gas power generation facilities throughout the Middle East, Africa and Asia.

FinSoul believes an E.on Climate and Renewables spokesperson was recently quoted as saying "We see a lot of potential for energy efficiency projects in the Middle East. This new company will develop the finance for projects that will source credits under the United Nations' Clean Development Mechanism (CDM)".

While there is currently much uncertainty over the Obama administrations ability to pass climate change legislation and therefore the chances of a global binding climate change pact, there are ongoing positive indications from both business and analysts that 2010 is likely to see carbon prices return to pre-Copenhagen levels by mid year and increase significantly towards the end of 2010, FinSoul has been informed.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.