7 June 2011
07th June London Mr Neil Eckert, former CEO of the Climate Exchange Plc,
joins distinguished group of Advisors at IDEACarbon.
IDEACarbon is part of the IDEAGlobal Group, whose advisory Board includes Mr
Ng Kok Song (Managing Director of the GIC, Singapore); Lord Nicholas Stern
(Author "The Economics of Climate Change)" , Professor Helmut Schlesinger
(former President of the Deutsche Bundesbank), Mr Nitin Desai, (Advisor to
the Government of India, former UN Undersecretary General), and Lord Meghnad
Desai. Mr Neil Eckert was CEO of the Climate Exchange plc (CLE) until its
sale to Intercontinental Exchange in July 2010. CLE operates the European
Climate Exchange, the Chicago Climate Exchange and the Chicago Climate
"I have been a keen follower of the IDEACarbon activities and those of the
Carbon Ratings Agency since inception; as Lord Stern has said:.. if we are
to attract the levels of finance necessary to make carbon, energy and
environmental markets mainstream and effective, risks must be clearly
understood, articulated, and managed".
"Having used and tested IDEACarbon's analytical products and ratings, I
believe these products are vital to transform the scale of energy
efficiency, carbon and renewables finance to levels which can help China,
India and the West meet their stated goals. From my work at the Climate
Exchange and in insurance, I recognise IDEACarbon's CARBONrisk platform as
one which contains rigour to institutional standards on which the private
sector and multilateral agencies have been waiting to move climate finance
towards the mainstream of finance. My work at IDEACarbon will focus on
strategic relationships and corporate finance to scale the platform's use
In welcoming Mr Eckert to the Advisory Board, Shandi Modi, founder of
IDEAGlobal Group said "I've known Neil for several years and regard him to
be 'the' outstanding success in helping with the creation of the largest and
most effective markets in carbon and emissions. Neil combines deep
institutional finance knowledge, which he now applies to environmental
markets. IDEACarbon is very pleased to welcome Neil to its Advisory Board, I
am sure his work will contribute valuably to our goals to provide the global
community the products necessary to manage risks, make investments, and to
create institutional products for climate finance".
About IDEAcarbon IDEAcarbon, is an independent and professional provider of
ratings, research and strategic advice on carbon finance. Founded by Shandi
Modi, CEO and Ian Johnson, Chair and formerly Vice President of the World
Bank, it is part of the IDEAGlobal Group whose advisors include Lord Nick
Stern and Nitin Desai. IDEAcarbon's services are designed to provide leading
financial institutions, corporations, governments, traders and developers
with intelligence and analysis of the factors that affect the pricing of
carbon market assets. The IDEAcarbon team are leading experts in the carbon
and energy markets.
IDEAcarbon combines its strength or risk assessment, risk evaluation and
ratings with its ability to introduce novel and relevant tradeable products
to enhance liquidity and transparency in exchanges besides setting world
class standards in educating, guiding and providing research to the members
of exchanges. IDEAcarbon being fundamentally a neutral partner is not
constraint by any relationships or by market positioning exposure and can
thus greatly assist the launch of credible instruments and build markets.
For more information please visit: www.ideacarbon.com.
About Neil Eckert: Neil Eckert was Chief Executive of Climate Exchange Plc,
an AIM listed company, which owned the European Climate Exchange (ECX) and
the Chicago Climate Exchange (CCX) until sale to ICE in July 2010. Neil is
Chairman of Trading Emissions Plc, an AIM listed company, which is one of
the world's leading funds investing in emission reduction permits. Neil is
Chairman of Design Technology and Innovation Limited, a patenting and
intellectual property company. Until April 2005, Neil was Chief Executive of
Brit Insurance Holdings PLC, which is a UK and International insurance and
reinsurance company. Neil founded the company in 1995 as an Investment Trust
listed on the London Stock Exchange. In the early 1990's he was a
reinsurance broker and main board director of Benfield Group plc.
Press contacts: Mike Gallagher on 44 207 664 0203 (email@example.com).
All information contained herein has been obtained by the IDEAcarbon from
sources believed by it to be accurate and reasonable. Although reasonable
care has been taken to ensure that the information herein is true, such
information is provided 'as is' without any warranty of any kind, and the
IDEAcarbon in particular, makes no representation or warranty, express or
implied, as to the accuracy, timeliness or completeness of any such
information. All information contained herein must be construed solely as
statements of opinion.