• 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 July 26

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18:06 Stena Line methanol project shortlisted for Global Freight Awards
17:56 Wärtsilä REvolution system takes sealing technology to a new level
17:43 Amendments into FTP on Nizhny Novgorod hydrosystem brought up for public discussion (document)
17:36 COSCO delivers Emergency Response Rescue Vessel
17:19 HII appoints Joseph Leonard as corporate director of customer affairs, large surface combatant program
16:36 CMA CGM implements GRR from South America East Coast to North Europe, Baltic, Red Sea and Mediterranean
16:34 First-ever LNG vessel transits the expanded Panama Canal
16:26 Memorandum of Understanding on OPS to be signed at the Baltic Ports Conference 2016
16:10 Deputy Defence Minister Yuri Borisov visited shipyard in Kerch in course of his working trip to Crimea
15:48 Lynden makes Green Supply Chain Partner, Top 100 3PL lists for sixth consecutive year
15:30 Angola orders state-of-the-art Damen Fishery Research Vessel
15:28 We4Sea plans to lower CO2 emissions in the shipping sector
14:53 GAC Russia expands eastwards opening two new branches
14:19 Bunker prices are flat in the Far East ports (graph)
13:58 Phase 2 of White Sea – Baltic Sea Canal reconstruction is completed (photo)
13:37 Sovcomflot receives Port of Long Beach environmental award
13:11 China's CSIC will build a floating transfer dock construction for Zvezda Shipyard
12:46 Fertoing has carried out examination of destroyer Deyatel’niy on the bottom of the Barents Sea
12:04 Prosafe implements reorganisation and rationalisation program
11:50 Croatian president visited Klaipeda LNG terminal
11:22 Cruise ships will enjoy simplified regime when calling Russia’s Arctic and Far East ports
11:03 Golar and Schlumberger form OneLNG joint venture
10:48 Georgia Ports Authority approves funds for new inland terminal
10:35 Panama Canal launches Environmental Recognition Award
10:30 Brent Crude futures price up 0.35% to $45.29, Light Sweet Crude – up 0.23% to $43.23
10:11 Seago Line introduces new vessel to Liverpool service
09:39 RF Government issues water transport safety requirement (document)
09:14 Baltic Dry Index down to 709 points

2016 July 25

18:43 IMB: Sea piracy drops to 21-year low
18:07 BMT Asia Pacific announces new Director to lead regional development in Asia
17:52 Reduction of FPP size is a key task of their optimization, says Rosatom
17:31 Essar Bulk Terminal Hazira capacity set to expand by 67% to 50 MTPA
17:15 ICS Annual Conference sets the Shipping Agenda
17:00 Dredging work at the Port of Teignmouth increases depth of shipping channel for larger ships
16:47 MSC joins CMA CGM in backing TRAXENS
16:45 CMA CGM re-opens regular service from Barcelona (Spain) to Djen Djen (Algeria) on EURONAF service
16:00 Dredging work at the Port of Teignmouth increases depth of shipping channel for larger ships
15:34 Marine Recruiting Agency increased the number of graduates
15:08 General Director of Rosmorport held meeting in Kaliningrad
14:40 Average wholesale prices for М-100 HFO down to RUB 7,818 in RF spot market
14:12 Port of Brisbane improves Brisbane River and Bay health with ‘Queensland first’ offsite stormwater treatment pilot project
13:57 Designing of 110 MW Leader-class icebreaker will take 1.5 years, says USC President Alexei Rakhmanov
13:12 Viking Supply Ships AS receives termination of contract for the AHTS “Njord Viking”
12:55 Vympel Shipyard launches yet another Grachonok-class boat of Project 21980 (photo)
12:38 Team Britannia signs major partnership deal with GAC
12:11 Hyundai Heavy Industries wins logistics support vessel order for New Zealand's Maritime Sustainment Capability PJT
11:57 Second serial icebreaker of project 22220, the Ural, laid down at Baltiysky Zavod (photo)
11:12 CMA CGM Group announces brand restructuring of Asia/Europe, Asia/Med and Europe/India services
11:09 Compliance with environmental standards comes first for VNT
10:40 Passenger Port of Saint Petersburg welcomed 14 cruise ships last week
10:11 Brent Crude futures price down 0.28% to $45.96, Light Sweet Crude – down 0.23% to $44.09
10:07 Gondan Shipyard launches its first live fish carrier
09:34 Moskva Guard missile cruiser awarded with the Order of Nakhimov
09:12 Baltic Dry Index down to 718 points

2016 July 24

12:27 OOCL issues unaudited quarterly operational update for Q2 2016
12:24 Ocean Yield ASA takes delivery of chemical tanker from STX

2016 July 23

13:56 Great Lakes awarded four dredging contracts worth $93M
12:38 Governor announces $350 mln investment at the Port of Virginia
12:35 Van Oord completes Burbo Bank Extension offshore wind project for Dong Energy