Perenia
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Perenia at the “Carbon Market Expo Australasia 2009”
Perenia would like to thank the organisers of the Carbon Market Expo Australasia 2009 for a well organised and informative event. Perenia was pleased to establish an exhibition of our products and services as part of the Conference and provide speakers.
Members of Perenia’s senior management team were invited as speakers to contribute and share their insights and experience. CEO David Tow participated in a panel workshop that explored climate change opportunities and risks for investors. Director Operations Michael Wiener added his thoughts and wealth of experience to an in depth overview of the rules governing the Clean Development Mechanism and the Kyoto Protocol and the creation and sales of Certified Emissions Reductions (CERs), particularly in the context of the Australian market.
Perenia regards this event as an effective means of developing the Australian carbon market and welcomes the opportunity sharing our knowledge with market players of the same mindset. We look forward to participation in future years.
Come join us and share in these discussions with David Tow, Michael Wiener and others by watching the workshop videos at www.carbonexpo.com.au/carbonexpotv/workshop.php
Perenia in the press: ‘Local trader challenges Europe’
Source: The Australian, 31st August 2009
AUSTRALIAN carbon trading and investment firm Perenia is hoping growing interest by Australian firms in international carbon offsets will help it challenge the dominance of European firms in the market.
Perenia is the only significant Australian-based firm specialising in investments under the UN Clean Development Mechanism, which enables projects built in developing countries to generate credits to meet emission reduction targets in developed countries.
The company was relaunched last week to focus on growing interest in the mechanism from Australian companies, which will be allowed to invest heavily in international offsets if it proves to be a cheaper form of abatement than reducing their own emissions.
Some analysts estimate that half of Australia's planned emission reductions could come from such projects.
Perenia is backed by renewable energy company Pacific Hydro and clean technology group Snowy Mountains Engineering, which have been joined by Japanese resources giant Mitsui in a three-way venture.
Perenia chief executive David Tow says the company already has 30 mechanism projects on its books, mostly in India, but also elsewhere in Asia and in South America.
As Australian companies focus on the costs of the proposed Carbon Pollution Reduction Scheme, international offsets will emerge as a major opportunity for risk management and hedging abatement costs, he says.
Australian companies will be allowed unlimited access to international carbon credits such as those created by the mechanism, but Tow says direct investment in such projects by Australian companies could offer an even cheaper form of abatement.
Perenia Officially Launched - Video Excerpts from Minister Wong’s Speech here
Perenia was officially launched on the 24th of August by Senator the Honourable Penny Wong, Minister for Climate Change and Water in Melbourne. The launch was a great success with 200 guests including the Honourable Robert Hill, Chairman of the Carbon Trust and representatives from all sectors including mining, oil and gas, manufacturing and carbon related services. Minister Wong shared her insights regarding the progress towards an ETS in Australia and answered questions regarding Australia’s role and progress towards an international agreement at Copenhagen.
Perenia at the “Climate Change & Business Conference”
Perenia was proud to have been involved with the “Climate Change and Business Conference” as a Platinum Sponsor from the 24th – 26th of August. With the help of Sydney based design company The National Grid, Perenia put together an informative, stylish stand with unique features including an “Information Wall” to capture key data around the carbon sector and the types of services Perenia can offer to the market place. A project wall was also created to highlight successful completed projects focused on the CDM sector.
Perenia’s Director of Carbon Services Michael Wiener spoke in several sessions at the conference around various topics in the carbon sector along with Masaya Inamuro from Mitsui and Co., Ltd. David Tow Perenia’s CEO stated “ we are very pleased to be associated with such events as the Climate Change and Business Conference and the associated opportunities to connect with carbon sector participants. Perenia is a premium brand and it's great to be a part of what we consider the premium climate change conference”. Perenia would like to thank the organisers and other sponsors who were responsible for making this event a success.
