ICECAP is a privately owned group of companies with offices in:London, United Kingdom Jersey, Channel Islands Beijing, China Calgary, Canada
ICECAP was established in 2003 by a number of individuals with backgrounds in emissions and energy trading, environmental services, financial services and project development and financing. Building on their early experience in the UK emissions trading market, they saw how the international market was likely to develop and the opportunity to be one of the first private sector bridges between project developers in the Clean Development Mechanism (CDM) and Joint Implementation (JI) markets and buyers in Annex 1 countries.
In March 2004, ICECAP launched one of the world’s first private sector aggregators, the ICECAP Carbon Portfolio, which raised commitments to source and manage a portfolio of 15m tonnes of carbon credits on behalf of its three participants: Enel Trade SpA, the principal trading subsidiary of Enel SpA, the leading Italian utility; the Public Power Corporation S.A. of Greece; and the Marubeni Corporation of Japan. ICECAP Carbon Portfolio fulfilled its commitments to its participants ahead of schedule and the portfolio of projects is currently being monitored and managed to ensure optimum deliveries.
In parallel, ICECAP developed a successful trading business, buying and selling carbon instruments across the world. ICECAP has been a buyer from projects in Asia, India and South America. It has been particularly active in China where it was one of the first entrants into the Chinese Certified Emission Reduction (CER) market. To date it has signed contracts relating to the purchase of CERs from over 40 projects in numerous different provinces in China, making it one of the leading purchasers of CERs from this market. On the sell side, ICECAP with the benefit of investment grade credit support arrangements, has entered into numerous forward sales, options and commodity swap contracts.
ICECAP’s business continues to grow. As well as continuing to originate and trade carbon instruments from CDM and JI projects, ICECAP is also active in the Verified Emissions Reduction (VER) and post-2012 markets and has recently announced a new initiative in biofuels.Principal contact details:Alick McIntosh, Jersey Phone:
+ 44 7797 810407E-mail: Click here to contact AlickIan Murphy, CalgaryPhone:
+ 1 403 975 7315Email :Click here to email Ian