WebConnect

22 April 2010

PRESS RELEASE
 

The Carbon Rating Agency appoints Global Strategic Advisor to sharpen focus on North American Carbon Markets

The Carbon Rating Agency (an IDEAcarbon company), the world’s leading provider of ratings, research and strategic advice on carbon finance, has appointed Mr Amul Gogna as its Global Strategic Advisor to further strengthen the company’s strategic focus on the carbon markets in North America.

Highlighting the company’s goal on helping businesses prepare for low carbon economic systems of future, Mr Shandi Modi, founder and CEO of IDEAcarbon, said the appointment will be an important step for the company to structure its launch in the largest economy of the world.

The appointment reiterates the Carbon Rating Agency’s expectations that the US is at an inflexion point ready to emerge and mature in to possibly the world’s largest market in carbon trade and sustainability solutions over the foreseeable future.

Mr Gogna, was previously the London-based Managing Director of IDEAcarbon’s ratings business and has over twenty years of progressive experience in credit risk and corporate development..

He will join in North America, IDEAcarbon’s other leading advisors and partner including Dora Vardis, a financial expert and member of the agency’s Rating Committee, and Paul Ezekiel, the former Managing Director of Credit Suisse where he ran the Global Carbon Trading businesses and developed the bank’s carbon strategy and advisor to IDEAcarbon.
 

About IDEAcarbon and The Carbon Rating Agency

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 IDEAgroup whose advisors include Lord Nick Stern and Nitin Desai. 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

The Carbon Rating 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. Further details of the Carbon Rating Agency’s approach to rating carbon assets are available at www.carbonratingsagency.com

Media Contacts: Kreab Gavin Anderson 020 7074 1800

ideacarbon@kreabgavinanderson.com

Matt O’Leary

Renfeng Zhao
 

Disclaimer:

All information contained herein has been obtained by 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 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.