• 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.


2017 November 20

18:06 Shipping must be economically sustainable if it is to deliver on environmental sustainability, ICS tells OECD
17:51 Port of Goole supports region’s green future
17:29 Government of Germany сontinues support to WMU
17:06 Sokhna World Zone project presented to investors in Dubai
16:44 Sovcomflot posts operating profit over 9M’17 rising by 50.5% to USD 131.2 million
16:18 New sugar terminal to be constructed at the Port of Gdansk
16:00 Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry
15:55 Azerbaijan Caspian Shipping Company expands its activities in foreign waters
15:30 IMO takes part in Green Ship Technology North America Conference
15:04 Cammell Laird issues EU worker statement
14:46 Port of Klaipeda (Lithuania) handled 35.12 mln t of cargo in 10M’17, up 5.5% Y-o-Y
14:29 National Fish Resources to invest RUB 3-4 bln in creation of a fishery cluster in the Kaliningrad Region
14:08 RS class: gas carriers “BORIS VILKITSKY” and “FEDOR LITKE” delivered to the customer
13:37 Average wholesale prices for М-100 HFO up to RUB 12,821 in RF spot market
13:14 Damen launches cutting-edge Fishery Research Vessel for Angolan Fisheries Ministry
13:01 Optimarin shakes up BWT sector with unique promise for shipowners
12:43 IMO’s Jan De Boer participated at the LNG Ship/Shore Interface Conference in London
12:22 International seminar on mutual cooperation between IMO, WMU and KMOU held in Busan, Republic of Korea
12:01 Maersk Line and Damco deliver a block train solution for Decathlon
11:36 JMSDF’s destroyer Hamagiri arrives in Vladivostok
11:12 Onezhsky Shipyard launches floating bridges built for a residential area in Petrozavodsk (photo)
10:50 Container throughput of port Hong Kong (China) up 7.7% to 17.26 mln TEUs in 10M’17
10:24 Brent Crude futures price down 2.09% to $45.08, Light Sweet Crude – down 0.16% to $56.62
10:05 Nonius Engineering supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:43 Commercial Sea Port of Ust-Luga performs unique unloading operation (photo)
09:20 Baltic Dry Index up to 1,371 points
09:08 EU NAVFOR’s Italian ship Virginio Fasan chases and captures suspected pirates
08:18 First shipload of liquefied natural gas to Northern Finland delivered to Manga LNG terminal

2017 November 19

17:31 Wison signs MOU with Shanghai Electric for medium large floating LNG power solution
17:22 Tomini Shipping places order for three Kamsarmaxes
17:15 Shareholders of Teekay Tankers and Tanker Investments approve proposals to permit merger
17:12 Cruise Gate Hamburg announces record growth for 2017

2017 November 18

06:35 Brisbane wins Port of the Year 2017
06:30 Polarcus secures fully prefunded multi-client project in Australia

2017 November 17

18:06 Swiber's subsidiary placed into bankruptcy by the District Court of Helsinki
17:55 Pacific Fleet warships arrive in Chuk Samet port, Thailand
17:36 Damen supports team AkzoNobel in the Volvo Ocean Race 2017-18
17:20 Sevmash floated out nuclear-powered missile submarine Knyaz Vladimir (photo)
17:06 CMA CGM announces FAK rates from Asia to North Europe
16:45 Yantar Shipyard launches first trawler of Project SK-3101R for Kamchatka fishing company (photo)
16:26 DNV GL: Standardisation can help enable the digital transformation of shipping
16:00 Maersk Line appoints new president in North America
15:58 Onezhsky shipyard lays down Yury Maslyukov dredger of Damen TSHD 2000 design (photo)
15:26 IMO runs cooperation for oil spill preparedness in west, central and southern Africa
15:00 Special tactical exercises held at CPC Marine Terminal Tank Farm facilities
14:37 Water Transport newspaper will celebrate its centenary in 2018
14:02 NCC conducts yet another groundbreaking ceremony at the Port of Gothenburg Logistics Park
13:45 MSCC Bronka set to increase its heavy cargo transshipment capacity
13:32 Diana Shipping announces time charter contract for m/v Naias with Phaethon
13:14 Vostochny Port extends its collective labor contract for three years
13:02 Acta Marine's walk-to-work construction support vessel in final construction phase
12:30 Scottish Ports Group call for right infrastructure and planning conditions
12:01 Aker Solutions to provide umbilicals for three offshore Norway field developments
11:53 MOL's newbuilding coal carrier NAGARA MARU to serve JERA Trading
11:17 301 ships loaded with export coal left Rosterminalugol this year (photo)
10:53 Icebreaker Moskva set sail for seaport Sabetta (photo)
10:30 Brent Crude futures price down 0.29% to $61.18, Light Sweet Crude – up 0.24% to $55.27
10:08 ABS raises cyber awareness to marine insurance industry
09:45 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
09:21 Baltic Dry Index down to 1,361 points