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IDEAcarbon announces appointment of Paul Ezekiel to its Advisory Board

11 February 2009

Independent carbon market analysis firm IDEAcarbon has announced the appointment of Paul Ezekiel, an internationally recognized carbon market expert as a member of its strategic leadership team. Ezekiel, previously the Managing Director of the Credit Suisse Global Carbon Trading business, has joined the IDEAcarbon Advisory Board.

Paul Ezekiel is a key participant in carbon finance who has been responsible for creating a number of innovative structures for carbon emissions producers, including pioneering securitizations of tradable greenhouse gas emissions credits. Paul founded Antipodean Partners, an environmental hedge fund in 2002 and more recently was Managing Director at Credit Suisse where he ran the Global Carbon Trading business and developed the bank’s carbon strategy. Commenting on his appointment, Ezekiel said “I have subscribed to the services of IDEACarbon since the Company’s launch in 2006. The Carbon Ratings Agency strategy is very well guided by Ian Johnson and Christiana Figueres and the Company is positioned to play a material role in the future development of the carbon and emissions markets. The products of IDEACarbon and The Carbon Ratings Agency will help the emissions markets become a true alternative asset class and attract the institutional participants it needs to become a truly serious market. I am excited to be part of such a distinguished team of policy and market leaders. I will be advising the company on strategic partnerships worldwide and on the company's capital raising needs as it scales its operations in the Americas and Asia".

Announcing the appointment, Shandi Modi, Founder and CEO of IDEAcarbon, said “we are delighted to have Paul Ezekiel on the IDEAcarbon team. Paul Ezekiel is a leader in carbon finance. His experience and credibility in the banking and investment side of climate change and emissions will be very beneficial to our stakeholders and clients.”

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.

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

Media Contacts:

Mike Gallagher +44 20 7664 0203 mgallagher@carbonratingsagency.com

Disclaimer:

All information contained herein has been obtained by the Carbon Ratings Agency 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 Carbon Ratings Agency 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, and the Carbon Ratings Agency.

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