• 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 August 31

18:03 Hamburg Port Railway achieves record result in HI’2016
17:44 India's Cabinet approves redevelopment of Berths 8, 9 and Barge Berths at the Port of Mormugao, Goa
17:17 Net profit of Tuapse Commercial Seaport up 1.5% to RUB 1.67 bln in HI’2016
16:52 Vostochny Port completes construction of cargo berth No51 under Coal Terminal Phase 3 project (photo)
16:24 DNV GL supports the development of LNG as alternative fuel with EU study and tools
15:34 World’s second MEGI-type LNG carrier delivered
15:01 Maersk Tankers chooses Wärtsilä Ballast Water Management Systems for three tanker newbuildings
14:38 Sovcomflot expands participation in the Sakhalin-2 project
14:18 APM Terminals to invest USD 70 million to ready Port Elizabeth terminal for future trade
14:13 RF Government approves regulations for open sea fishery
13:45 Luka Koper Group throughput up 6 percent to 11.3 million tons in H1 2016
13:37 New ABB marine torque measuring system targets fuel efficiency and engine optimization
12:59 ANL revises Bunker Surcharge for SCAN/EUR/MED to/from ANZ
12:18 Bunker prices surge at port Novorossiysk (graph)
11:50 Maritime transport and tourism should be developed in the Arctic, says Nikolai Patrushev
11:25 Second stage of bridge over Kama river is opened officially (photo)
11:03 Abu Dhabi Ports announces extension to Khalifa Port quay
10:42 Brent Crude futures price up 0.06% to $48.76, Light Sweet Crude – up 0.09% to $46.39
10:32 Nakilat Damen delivers 5 vessels for New Port Project
10:27 Baltic Dry Index down to 715 points
10:10 Russian Security Council says no hot issues related to int’l law left unresolved in the Arctic
09:39 DeloPorts says its IFRS net profit in HI’2016 surged 47%, y-o-y, to RUB 1,889 mln
09:13 Indicative bunker prices go up at the port of Saint-Petersburg (graph)

2016 August 30

18:08 New tunnels for reefer container maintenance put into operation at HHLA Container Terminal Altenwerder
18:05 M/V PORHOV refused access to the Paris MoU region
18:01 ITF backs Nautilus International in fight to stop Boskalis cutting and downgrading seafarers’ jobs
17:58 Memorandum of Agreement signed between IALA and DGLL
17:55 Hapag-Lloyd to revise the Import Detention Tariff in Singapore
17:52 CMA CGM rises rates from North Europe and Mediterranean to Australia
17:50 Bureau Veritas classes first newbuilding LNG-fuel oil/chemical tanker built by Avic for Terntank Rederi AS
17:43 HII awarded design work for new LX(R) class of amphibious ships
17:29 Russian Railways announces 6 months 2016 results according to IFRS
17:05 Cruise ship AIDAaura makes her maiden call to Passenger Port of Saint Petersburg
16:56 Croatian shipyard secures drydocking contract from US Navy
16:37 WSS partners with Turner Design to offer cost effective ballast water compliance tool
16:23 Sredne-Nevsky Shipyard starts construction of forth mine countermeasure ship for RF Navy (photo)
15:58 Commercial Port of Vladivostok posts IFRS net profit of RUB 1.11 bln in HI’2016, down 13.6% y-o-y
15:32 Moscow State Academy of Water Transport announces enrolment of 448 students
15:04 India's Ministry of Shipping revises Central Sector Scheme to provide financial support to Major/ Non-Major Ports
14:29 WinGD to supply 5-cylinder DF engines for SK Shipping's LNG carriers
14:02 MHI to launch discussions toward forming alliances with three domestic shipbuilders
13:36 TransContainer reports its financial results under IFRS for the 1st half of 2016
13:10 “K” Line establishes Joint Venture “Nitto Baxi Private Limited” in India
12:43 Globaltrans posts IFRS net profit of RUB 2.34 bln in HI’2016, down 13%, year-on-year
12:15 Van Oord executes ground improvement project in Kuwait
11:30 MOL upgrades Europe-South Africa (SRX) service
11:11 Marine Façade (Saint-Petersburg) welcomed 6 cruise ships last week (photo)
10:50 ClassNK issues Guidelines for Liquefied Gas Carriers Hull Structures – Independent Spherical Tanks of Type B
10:46 Arctech is participating in the international maritime trade fair SMM in Hamburg
10:19 NCSP Group’s revenue in H1 2016 totalled $442 million
09:58 FESCO’s consolidated revenue decreased by 33% YoY to $257.9 mln
09:40 Rosmorport takes delivery of buoy tender Krutoyar (photo)
09:17 Brent Crude futures price up 0.22% to $49.56, Light Sweet Crude – up 0.45% to $47.19

2016 August 29

18:02 Net profit of Transneft under IFRS up 12.5% to RUB 134.6 bln in HI’2016
17:50 Damen and Evoqua to launch DAMEN BALCON EC 1500 powered by SeaCURE® Systems
17:49 Chinese/Polish operator launches heavy-lift service to Russia, names St Petersburg based Neptumar as Booking Agent
17:24 Wärtsilä and Gasum cooperation aims at developing LNG markets
17:24 NOVATEK’s Board of Directors recommend 1H 2016 dividend
16:53 LUKOIL posts HI’2016 IFRS net profit of RUB 105.392 bln, down 37.1%, year-on-year
16:26 USCG responds to plane crash near Lake Front Airport