• 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 July 25

18:00 Krasnoye Sormovo delivers two chemical tankers of Project RST27 to shipping company Volgotrans (photo)
17:05 Western Marine delivers 176 TEU inland container vessel to Invicta Limited
16:33 Cruise ship Pacific Princess made her inaugural call to Passenger Port of Saint Petersburg
16:05 Wagenborg to repair Oostersluisbrug Groningen
15:44 Kaliningrad seaport boundaries changed
15:39 W&T Offshore contracts the Enterprise Offshore 264 jackup rig to drill the ST 224 gas condensate prospect
15:16 COSCO (Guangdong) Shipyard announces delivery of vessel
15:12 Ferryboat Petersburg returns to Ust-Luga – Baltijsk line (photo)
14:48 Commercial Sea Port of Taganrog invested RUB 114.9 mln in port infrastructure development in HI’17
14:27 380-tonne cargo unit handled by Multipurpose Terminal YUG-2 at the port of Ust-Luga (photo)
14:00 AquaStroy to invest RUB 493 mln in construction of yacht port Aquamarine in Vladivostok
13:59 VOS Start W2W vessel departs Damen Shiprepair Oranjewerf
13:33 Vostochny Port completed modernization of its water treatment facilities (photo)
12:58 Lotus Shipyard to launch cruise ship of Project PV300VD in April 2018 (photo)
12:05 Hyundai Merchant Marine increases Asia-US West Coast volume by 77% YoY, ranks 4th in market share in June 2017
11:46 LNG developer NextDecade finalizes business combination with Harmony
11:30 DP World establishes new logistics arm in Australia
11:04 Almost 1 000 MLC-inspections carried out in Norway in 2016
10:57 Bunker prices are flat at the Far East ports of Russia (graph)
10:42 MES establishes after-sales service company for container handling cranes in Malaysia
10:19 Coal exports via Rosterminalugol terminal hit 13 mln t milestone this year
10:04 DP World reports 10.7% gross volume growth in second quarter of 2017
09:54 Brent Crude futures price up 0.49% to $48.84, Light Sweet Crude – up 0.54% to $46.59
09:36 Port of Gdansk announces record high transshipment results
09:15 Baltic Dry Index is flat at 977 points

2017 July 24

18:27 ABP South Wales celebrates 30 year partnership with WNO
18:02 Marine Recruiting Agency starts cooperation with Saint-Petersburg Employment Centre
17:38 Freeport of Riga Authority announces winners of Innovation Competition for students “The Port for the City”
17:16 Nakilat concludes half year 2017 with net profit of QR 409 million
17:09 MOL Group Ship Management Company acquires latest international certification for Environment and Energy Management Systems
16:50 CMA CGM announces GRR - From Red Sea ports to West Africa
16:35 CMA CGM announces new FAK Rates - From Asia to North Europe
16:11 Maersk Line and JF Hillebrand partner for sustainable growth by signing the Carbon Pact
15:48 CMAL held a keel-laying ceremony for new Kerrera ferry
15:24 88-tonne fuel tank delivered for Scotland’s first LNG ferry
14:57 IMO Council is meeting for its 118th session
14:32 Passenger Port of St. Petersburg welcomed 16 cruise ships last week
14:10 Multipurpose Terminal YUG-2 (Ust-Luga port) begins transshipment of pipes for Turkish Stream (photo)
13:46 Nobel Brothers Shipyard LLC repaired floating crane ПК-226 of Project Р12М(К27Р) (photo)
13:25 Rosneft bunkered four dredging ships of Jan De Nul at the port of Murmansk (photo)
12:58 Average wholesale prices for М-100 HFO up to RUB 9,740 in RF spot market
12:31 Cargo handling at the port of Kiel in HI’17 up 20 % to record 3.7 million tons (photo)
12:07 Identifying and dealing with potential threats to port security operations was at the core of workshop in Belize
11:43 Russian innovative project submitted to IMO
11:20 Höegh LNG secures financing for eighth FSRU
10:56 EBRD signed loan agreement with NIBULON totaling USD 90 million
10:34 NIBULON launched seventh non-self-propelled B2000 Project vessel
10:11 Brent Crude futures price up 0.42% to $48.26, Light Sweet Crude – up 0.26% to $45.89
09:52 Ships of Chinese Navy arrived in Baltiysk to participate in joint exercise
09:33 Throughput of Chinese ports up 7.3% to 4.3 bln t in HI'17
09:15 Baltic Dry Index up to 977 points

2017 July 23

15:28 Philly Shipyard signs LOI with Jones Act operator to build four new boxships for Hawaii trade
14:24 Turkish company Alternative Transport secures EBRD loan to purchase new Ro-Ro vessel
13:48 Hapag-Lloyd revises multistop charges
11:26 First ship with IMO Tier III EIAPP certified Wärtsilä engines is launched

2017 July 22

15:46 Gazprom Neft to utilise capacity at the St Petersburg Polytech supercomputer
14:22 French shipyard holds naming ceremony for new French icebreaker L’Astrolabe
11:58 Carnival Cruise Line unveils newly renovated cruise ship-themed exhibit at Miami Children’s Museum
10:53 GCT appoints Grosman as new President and CEO

2017 July 21

18:32 Hapag-Lloyd's MV NORASIA ALYA to omit San Antonio Port on MSW Service