| | |
Share

Services and Support

The European Union Emissions Trading Scheme (EU ETS) was established in response to Kyoto together with, more specifically, the Clean Development Mechanism (CDM) and Joint Interpretation schemes formed by the United Nations Climate Change Committee (UNFCCC).  This has led to an entire market segment entirely focused on identifying and providing advice and support to low carbon projects in the developing world.  These projects earn carbon credits which can be traded on the EU ETS and a number of businesses are involved in providing project appraisal, verification, certification and carbon intermediary services to project owners and carbon counterparties.

BDO predict that whilst a Global Cap and Trade scheme may not be easy to establish in the short term, new schemes in North America, Australia and Japan could provide huge opportunities for carbon aggregators and intermediaries if CDM and successor schemes are continued post 2012 and common protocols for trading certificates between schemes are established.

We provide specialist tax, accounting advisory services and corporate finance services to this market segment and have an insight into its particular issues. 

For more information please contact Nick Udal or contact your local BDO adviser.

Accountants and Business Advisers © 2012 BDO LLP. All rights reserved. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business. BDO is the brand name for the BDO network and for each of the BDO Member Firms.