• 2014 February 14 17:33

    DNV GL ceases to provide validation and verification services for CDM

    Due to the current downturn in international carbon markets, without signs of a recovery in the foreseeable future, DNV GL has decided to cease providing validation and verification services for CDM projects and other international climate change mitigation projects, the company said in its press release.

    DNV GL has been a pioneer in the validation and verification of Clean Development Mechanism (CDM) projects and other international climate change mitigation projects and is the largest verifier of CDM project activities.

    Recently, the price of carbon credits on the international carbon market has dropped to a level that no longer provides incentives to invest in climate change mitigation projects. The number of projects has decreased to less than one-tenth of the volume seen 1 year ago. As a consequence of this downturn in the carbon market, DNV GL has had to significantly reduce its activities and thus resources. The current volume of work is no longer sufficient to support the number of qualified staff needed to meet accreditation requirements.

    As DNV GL sees no visible signs of a recovery in the foreseeable future, DNV GL has thus made the strategic decision to cease providing validation and verification services for CDM projects and other international climate change mitigation projects. DNV GL believes that it can have a better impact for a safe and sustainable future by providing other climate change services and focusing on new initiatives.

    “We will continuing to offer climate change mitigation services and engaging in local and regional initiatives, such as the EU and Californian emission trading schemes, DNV GL is building positions related to carbon footprinting and labelling. Support also continues for the transfer and successful deployment of climate change mitigation technologies trough, for example, our engagement in the UNFCC Climate Technology Centre and Network (CTCN). There is also strengthened focus on climate change adaptation, which we believe will be increasingly important going forward” says Bjørn K. Haugland, Chief Sustainability Officer DNV GL Group and adds “with more than 3000 experts world-wide working with renewable energy and power transmission & distribution we have a strong commitment on supporting the transition to a low carbon future”.

    The cease of providing validation and verification services will not be immediate. While not taking on new projects, DNV GL will, to the extent possible, try to minimize the consequences for customers.


2016 September 29

18:01 Krasnoye Sormovo to launch third vessel of Project TSHD on October 5 (photo)
17:23 First line ship of Northern Shipping Company calls at port Bronka (photo)
17:04 IWAI signs MoUs with Dredging Corporation of India, Paradip Port Trust and Mormugao Port Trust
16:04 ANL adjusts BAF for Australia & New Zealand to East Coast USA & Canada and SCAN/EUR/MED to/from ANZ
15:25 Alekseev HCDB delivers first hydrofoil of Project 14625 Delfin V2 (photo)
15:19 OPEC’s agreement may provide a short-term boost to bunker prices, expert says
15:04 Niclas Mårtensson assumes the position of CEO at Stena Line
14:39 NCSP suspends payment of HI’2016 dividends for risk minimization
14:04 MOL suspends the Asia – North America East Coast service
13:03 CDiRS launches the first rail service China-Netherlands
12:37 Xeneta CEO Patrik Berglund wins Next Generation Shipping Award
12:30 Mast stepping ceremony held for LNG driven fast ferry Megastar
12:03 Wärtsilä to power new Danish ferry with two 8-cylinder 31 main engines
11:43 Douglas-Westwood says bright spots in oversupply in global drilling and production market
11:32 Bunker prices show faster growth in the Far East ports (graph)
11:03 Ocean Yield ASA announces delivery of container vessel with 15 years charter
10:45 Cargotec is part of the world's first ecosystem initiative for autonomous ships
10:27 Brent Crude futures price down 0.45% to $49.02, Light Sweet Crude – down 0.11% to $47
10:09 Port of New York and New Jersey container volumes up 2.0 percent to 585,327 TEUs in August 2016
09:56 Large scale development of Russia’s Arctic to begin in 2020 – 2022, says Dmitry Rogozin
09:43 OOCL announces Asia-North America East Coast Winter Program
09:28 Baltic Dry Index down to 912 points
09:11 Icebreaker Otso back from Greenland

2016 September 28

18:37 Damen repeats multiple vessel transport strategy
18:07 Cargotec is part of the world's first ecosystem initiative for autonomous ships
17:55 Forum DV and Ecoservis-DV start supplying fresh water at port Vanino (photo)
17:45 Maersk Line orders 14,800 new reefer containers
17:39 Abu Dhabi Ports announces concession agreement with COSCO SHIPPING Ports Limited
17:02 ZNT Yard launches two diving boats for RF Defence Ministry (photo)
16:30 The world´s first LNG-powered icebreaker Polaris delivered
15:44 DP World wins ‘Best Company for Investor Relations in the Middle East’ for third consecutive year
14:59 100 mln t of oil pumped through ESPO-2 oil trunk pipeline since beginning of operation
14:13 Nibulon shipyard launched the third non-self-propelled vessel of Project B2000
13:37 New deal signals further investment in Port of Immingham
13:01 Maersk announces management changes in Damco
12:01 Port of Oakland: So far, wider Panama Canal not a factor
11:40 Pacific Fleet ships practiced searching for simulated enemy submarines
11:22 Sovcomflot - finalist in the 2016 Platts Global Energy Awards
11:01 Statoil cancels rig contract with North Atlantic Drilling
10:33 Vice-President of PAO Sovcomflot Mikhail Suslin awarded with Naval Order of Merit
10:09 General Dynamics NASSCO delivers fourth ECO Class product carrier to American Petroleum Tankers
09:52 Brent Crude futures price up 0.21% to $46.62, Light Sweet Crude – up 0.18% to $44.75
09:35 Indicative bunker prices surge at the port of Saint-Petersburg (graph)
09:16 Baltic Dry Index down to 930 points
09:04 Damen unveils next generation Water Bus (photo)
08:53 Teekay LNG Partners signs time-charter contract with Yamal LNG for a previously uncommitted newbuilding

2016 September 27

18:00 Holland Container Innovations presents its 4FOLD foldable container
17:33 Okskaya Sudoverf shipyard launches Project 21270 boat for RF Ministry of Defence (photo)
16:48 Some 100 semi-submersible rigs approved by DNV GL will be reviewed
16:22 Fincantieri gets new General Manager
15:54 Tactic exercise with the Eastern MD combined arms formation is held in the Sakhalin Region
15:25 Vyborg Shipyard lays down port icebreaker Ob for Sabetta
15:12 Niigata Shipbuilding delivers Ultra large Tug to ALP STRIKER BV
14:39 Kiel and Russian ports mark 25 years of ferry services
14:36 Finland to take the lead in automation experiments in the maritime sector
14:02 Ocean Yield announces investment in two chemical tankers with long term charters
13:43 ESL Shipping’s LNG-fueled bulk carriers to be built at Sinotrans & CSC main yard, Jinling Shipyard
13:25 Bunker prices go up at the Far East ports (graph)
13:02 General Dynamics NASSCO Master Shipbuilder lays keel for eighth ship in ECO Class tanker program
12:56 Scientific potential strengthened in the LNG Cluster