Rothschild to become the carbon trading kings
Billed as the first of its kind in the Asia-Pacific region and soon to be followed by other similar private investment vehicles, the Carbon Ring Consortium seeks to raise $2 million, with individual investors obliged to pay $100,000.
“With recent developments in international climate change policy, the question is no longer if, but when the global carbon trading market will emerge,” said Richard Martin, chief executive officer of Rothschild Australia.
Rothschild said in a prospectus that the Carbon Ring Consortium would be open for investments until October 30.
It would be wrapped up in June 2003, when the carbon credits purchased will be distributed to investors pro rata.
Trading environmental credits is an emerging market designed to allow firms that fail to meet emissions standards to buy credits from other firms that undercut their targets.
The Kyoto accord signed by developing nations in the Japanese city of that name envisages some carbon credit trade between countries with so-called carbon sinks – forests – and others that produce higher levels of pollution than they are allowed to.
The same applies to companies, and a nascent market has already emerged in the United States where some states have limits on acid rain components like sulphur dioxide and others have limits on carbon dioxide emissions.
Greenhouse gases such as carbon dioxide are blamed by many scientists for rising world temperatures.
The investment bank said it was estimated that the global carbon trading market could be worth up to $150 billion by 2012.
It said it looked increasingly likely that the 1997 Kyoto Protocol on reducing greenhouse gas emissions would be ratified by enough countries to come into effect, notwithstanding the decision of the United States and Australia to reject the accord.
The process of investing will involve workshops to allow investors to gain hands-on knowledge of the new market.
The unregistered, managed investment scheme will be the first in a series of private investment vehicles that Carbon Ring Pty Limited, a joint venture between Rothschild and E3 International, expects to launch in the coming years, the partners said.
Carbon Advice Group Plc is pleased to announce the appointment of Oliver Rothschild as its non-executive.
Matthew Sullivan, Founder and CEO of Carbon Advice Group, welcomed the appointment saying:
“We are delighted that Oliver Rothschild has agreed to join Carbon Advice Group Plc as Chairman. We believe that Oliver will bring significant experience and international credibility to the Board of Carbon Advice Group Plc as it rapidly extends its carbon offsetting services and network of environmental entrepreneurs across Europe and the United States”.
Oliver Rothschild said “Carbon Advice Group Plc provides a unique way of engaging individuals and businesses in combating climate change across borders and nationalities. I am pleased to join Carbon Advice Group Plc at such an exciting stage in the company’s growth. I look forward to the exciting challenges of the future and working with my colleagues at Carbon Advice Group Plc to ensure the company provides a quality service to justify the public’s continuing support”.
“We want to motivate the average person in the street to get online, join our global network, build their own carbon offsetting website and get the message across to everyone they know,” continued Carbon Advice Group founder Matthew Sullivan.
“Everyday we see, hear and read about the catastrophic effects of global climate change. We all know we need to do something, and we need to do it now. We believe the appointment of Oliver Rothschild will help Carbon Advice Group Plc get closer to achieving our objective of bringing carbon emissions reduction and offsetting into the mainstream” Sullivan continued.
Notes to Editors
Founder and principal of Buchler Rothschild Investments, Oliver Rothschild has held several key positions including Chairman of UNICEF (Appeals). He is currently the Ambassador of the Monte Carlo Film Festival (IETFF), Ambassador of the charity Fresh2O and is closely associated with several other charitable bodies and boards. Oliver is the Patron of the St.Petersburg Philharmonic Orchestra, Chairman of Pinewood Media, a Director of Twilight Films Ltd and Chairman the Tripleplay Group.
His track record of successful business development includes Property Investment, ICT and Entertainment, Public Relations, Fine Arts & Antiques. Oliver’s board level experience is equally extensive. He has served as Chairman for an international travel organisation, senior vice president of American General Investments and as director of a London auction House. Principle shareholder in a Fine Arts and Antiques business, Oliver is currently serving as Chairman of AB Entertainments and Fusion Universal, as well as holding directorships with a number of IT, PR and Investment companies.
Fluent in French, German, Spanish and Italian, Oliver Rothschild is actively developing business opportunities throughout the US and Europe including the former Eastern European Block countries, where he is both investing and advising on property and business acquisitions.
About Carbon Advice Group Plc
London-based Carbon Advice Group PLC has created a unique web-based service that enables individuals and businesses to take an active role in combating climate change. The site enables users to directly calculate their carbon footprint and immediately purchase carbon offsets.
The Carbon Advice Group allows anyone to get involved and take an active role in the emerging green economy. The site offers motivated social entrepreneurs a short process to set up their own merchant site to promote and sell carbon offsets as part of the Carbon Advice Group’s network. They are also able to create their own partner downline network.
The Carbon Advice Group’s mission is to create a worldwide network of environmental entrepreneurs by giving them the necessary tools, understanding and motivation for them to bring carbon emission reduction and offsetting into the mainstream and make it a vital part of everyday life. Allowing individuals to promote, purchase or provide carbon offsets, the group offers a compelling answer to the “What can I do?” response to global climate change issues.
Carbon offsetting enables individuals and businesses to compensate for unavoidable emissions by purchasing equivalent greenhouse gas savings. With the Carbon Advice Group, these savings can come from wind power, biomass power, or a renewable energy charitable contribution.
Available carbon credits meet strict international standards. Users who purchase carbon offsets will receive certificates, windscreen permits and window displays so they can proudly demonstrate their environmental credentials.
they got their claws into this a long time ago..ground floor access..these companies will be the winners in this carbon credit trading playgrond and rothschild who is most likely an architect of carbon trading, will be there with bells on