WebConnect

20 January 2009

Carbon Rating Agency and Bloomberg to provide ratings for rapidly growing market

The Carbon Rating Agency (CRA), a wholly owned subsidiary of IDEAcarbon, has announced it now provides a cross-section of ratings and rating analysis on existing Kyoto Protocol CDM/JI projects, as well as for many voluntary carbon reduction projects, on the BLOOMBERG PROFESSIONAL® service.

For the first time, financial professionals can view uniform information about the carbon market and integrate that data with analytic tools to help them make informed decisions about carbon offset trading. This unique intelligence is available to all Bloomberg users, providing analysis, tools and data related to the agency’s ratings of carbon offset assets in the CDM, JI and voluntary carbon emission markets. The ratings analysis is accessed via the function CRAG on Bloomberg.

The Carbon Rating Agency has spent more than two years developing its carbon ratings process. Each rated offset asset has been given an independent rating based on a detailed analysis of the underlying project, leading to an assessment of the likelihood of it delivering its stated emissions reductions in the expected time period. The Carbon Rating Agency also considers the economic and social development benefits of each project.

Welcoming the launch of this new service, Ian Johnson, Chairman, IDEAcarbon, said:

“We are delighted to provide this service on Bloomberg. This innovative and intelligent offering provides objective information to carbon market professionals around the world. Investors, traders and analysts now have access to unrivalled details on the agency’s Market Initiated Ratings and a clear, transparent and unbiased declaration of these risks, to enhance transparency within the carbon market.”

Note to Editors

About IDEAcarbon

IDEAcarbon is an independent and professional provider of ratings, research and strategic advice on carbon finance. Its 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. They combine policy and financial intelligence with proprietary tools for the analysis of credit risk. Their techniques assist their clients to manage and mitigate risk in today's uncertain global carbon markets.

For more information please visit: www.ideacarbon.com

About the Carbon Rating Agency

The Carbon Ratings Agency is a wholly owned subsidiary of IDEAcarbon. Its mission is to improve the functioning and efficiency of the carbon markets. The Carbon Rating Agency's ratings and opinions are unencumbered and independent - it does not trade, buy, sell or originate carbon credits.

For more information please visit: www.carbonratingsagency.com