• 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 May 30

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10:22 US ferry passenger traffic totaled over 115 million people in 2014
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09:45 ESL Shipping's barge Espa to become a floating beach and events area for the summer
09:35 Sembcorp Marine delivers jack-up rig Maersk Highlander
09:32 Nevsky Shipyard launches the medium-sized sea tanker “Academician Pashin”

2016 May 29

12:30 AMSA investigates Bowen vessel capsize
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10:28 Marseille Fos handles its second consignment under EU pilot project
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2016 May 28

21:19 Diana Shipping announces time charter contracts for m/v Naias and m/v Artemis with Bunge
21:05 Terex announces talks with Zoomlion terminated agreement to sell the material handling & port solutions business to Konecranes to proceed
20:39 Crowley recognized with Lloyd’s List Ocean-Going Ship Operator of the Year Award
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12:56 New procedure for commercial goods permits in Yemen ports
12:35 Bibby Offshore awarded North Sea contract with Apache
10:36 ACE Winches names new Engineering Manager

2016 May 27

18:55 Technip secures contract in Saudi Arabia from CTCI
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17:57 Revenue of Sovfracht-Sovmortrans Group up 32% to RUB 8.3 bln in QI’2016
17:38 Prosafe's Harald Espedal steps down, interim Chairman tapped
17:23 Statoil: three wells for the price of one
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16:33 Thales signs OFSV contract with Seaspan’s Vancouver Shipyards
16:18 Royal Dutch Shell: Q1 2016 scrip dividend programme reference share price
16:12 Saint-Petersburg will host IX Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” on June 23-24
15:56 Petroleum Geo-Services data for Norway 23rd round work commitments
15:18 VOS Sugar commences first charter contract at BARD Offshore 1
14:28 Seaspan thumbs up the Canadian Government's National Shipbuilding Strategy
14:13 DEME receives highest certification level CO2 Performance Ladder
13:51 Aker Solutions purchases 100,000 of its own shares
13:42 Almaz Shipbuilding Company (Saint-Petersburg) launches coast guard ship Nadezhny (photo)
13:18 ​​​Goltens contracted to install BWMS on ten Royal Netherlands naval vessels
12:57 Ministry of Industry and Trade says the state supports construction of 89 vessels in Russia
12:28 Nevsky Shipyard launches the lead Arctic class supply tanker of Project ST33 (photo)
12:01 Russian Railways BoD praises Company's activity in 2015 to improve efficiency
11:39 ABP’s ports of Ayr and Troon are set to receive a record number of cruise calls in 2016
10:53 Baltic Dry Index down to 601 points
10:40 Brent Crude futures price down 0.85% to $49.17, Light Sweet Crude – down 0.75% to $49.11
10:27 Laky Verf (Leningrad Region) lays down first ship of Project 12М (photo)
10:14 KONGSBERG contracted to supply AUVs and hydrographic technology for new Peruvian Arctic research vessel
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2016 May 26

18:36 ABB electric propulsion system saved over 700,000 tons of fuel for marine vessels so far
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17:31 TORM purchases shares for $19 million as part of the completed squeeze-out of remaining TORM A/S shareholders
17:30 Turku hosts the ninth Baltic Sea Region Forum
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16:49 Viking Line invests in maritime reseach in the Baltic Sea
16:43 LRQA receives accreditation from ANAB
16:21 Fugro enables safer drilling for BP in area of strong currents
16:11 Royal Caribbean's Empress of the Seas arrives to Miami