IDES Corp, a joint venture between Itochu Corp. and Dowa Eco-System Co. Ltd. of Japan has been issued a corporate license by the Philippine SEC with a capitalization of P130M. Their business is to setup methane capturing biodigesters in Philippine swine producers then selling the carbon credit generated from it to Japanese companies who are complying with the Kyoto Protocol Framework set by their government.

They are expecting to generate about 150,000 tons of CER annually from 2009 from the swine farms near Manila. Long term they are also hoping to setup shop in other Asian countries. Methane captured from the swine manure will be burned.
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Asian Development Bank (ADB) has setup a new fund which will provide financing for green projects in the Asia Pacific region that can generate carbon credits beyond 2012. The initial fund size is $100 million and could be increased to $200 million if the demand calls for it.

ADB is concerned that since the Kyoto Protocol’s first commitment period expires on 31 December 2012, this could hamper the trading in post-2012 carbon credits. In turn this will affect the interest in developing new clean energy projects and other climate change initiatives in developing countries. And with the lack of long-term price incentives for reducing greenhouse gas emissions, investment trends in green projects could return to normal levels. But with this fund in place, they are hoping that it can stimulate new investments in clean energy projects even before a new international agreement is reached.
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Aboitiz Power Corp’s subsidiary, Hedcor Sibulan Inc., has been granted carbon credit accredition by the Det Norske Veritas Certification AS. Det Norske Veritas is a Norway based carbon credit accreditation facility.

It has been certified that the 42-45 MW powerplant that Hedcor is building will effectively reduce 95,000 TCO2e (tons of carbon dioxide equivalents) of carbon dioxide, had a fossil fuel based plant been built instead.
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Some of the funds that will be used by Aboitiz Power Corp to finance the rehabilitation or construction of its hydro projects in the country will come from the selling of Carbon Credits. Aboitiz announced that it had gotten approval for inclusion of its hydro projects in the Kyoto Protocols Clean Development Mechanism (CDM) scheme that will facilitate its entry in the Carbon trading market.
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I guess the best people to ask would be the folks in the carbon credit market. One such group would be Eco Securities of Ireland. They have a satellite office here in Manila. Address is posted below.
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Renowned Philippine Columnist, Mr. Rey “Butch” Gamboa, reported that Eco Securities of Ireland offered a local piggery, Uni-Rich, $12000/year ($4/carbon credit) for their carbon revenues till the year 2012. Uni-Rich gets carbon credits for trapping and using the methane generated from their pig manure to power some of their facilities.

In turn, Eco Securities sells their rights to big banks (Caisse des Depots) at $18/carbon credit. Does it look like a fair trade?, or is there just too much money for the middle man? But if Eco Securities are the one themselves investing in the certification and the methane trapping equipment, then it is a fair trade off. Not to mention that there are yearly monitoring costs that have to be spent to check whether Uni-Rich is indeed following its Green practices of processing their solid wastes.
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