Perenia
Complete Carbon Solutions
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Perenia becomes a member of EBA, IGCC & AWA
We are proud to announce that Perenia has become a member of Environmental Business Australia (EBA), Investor Group on Climate Change (IGCC) and Australian Water Association (AWA) to actively participate and promote solutions in tackling climate change and sustainability development issues.
EBA is an advocacy voice in promoting commercial solutions to environmental challenges. In joining EBA as a Corporate Member, Perenia is able to be part of the network teaming up with similar minded organisations and companies in turning policy into action and providing environmental services.
IGCC is an industry association with a focus on incorporating risks and opportunities of climate change into investment decisions. As a Supporting Member of IGCC, Perenia is to providing invaluable expertise and knowledge on managing climate change risks and promoting the opportunities that arise as our societies shift to a low carbon economy amongst investors and financial institutions.
To further spread our global industry network, Perenia also became a Silver Member of AWA, a ‘Trusted Leadership in Sustainable Water Management’.
Perenia is keen to stay at the frontier of the current environmental solutions, being aware of the most up-to-date sustainability concerns and policies. The membership of industry associations is an effective way for Perenia to work with other industry participants and promote effective domestic and international policies to reduce the impact of climate change.
To find out more about EBA, IGCC & the AWA, click the links below:
http://www.environmentbusiness.com.au/
Perenia announces new Regional Manager, South Asia
We are pleased to welcome Will Greene to Perenia as Regional Manager, South Asia. In this role, Will will lead Perenia’s South Asian team in the origination and implementation of CDM and climate change consulting projects in India, Pakistan, Bangladesh, Nepal and Sri Lanka. He will report to Michael Wiener, Director of Operations.
Will brings with him six years of experience in global carbon markets, working as advisor to some of the world’s largest emitting companies, banks, governments and international financial institutions. Prior to joining Perenia, Will was a senior analyst at Point Carbon, the leading provider of information and analysis on carbon and energy markets. There he developed analytical methodologies for the management of CDM project and market risks faced by companies in this space and specialised in CDM implementation in least developed countries. He has also worked at the heart of government as member of the international environmental policy team of the United States EPA.
Will holds a Bachelor of Science (Hons) from the University of Bristol, UK and a Master of Philosophy in Development Economics from the Institute of Development Studies (IDS), UK.
Please join Perenia in wishing Will every success in his new position.
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.
