Agcert Regs Share Discussion Threads

[silkcut5] 05/12/2007 14:35

Online sell limit increasing now 150,000 @ 1.69p

[silkcut5] 05/12/2007 14:29

Or mm to mm, whatever volume is picking up...

[silkcut5] 05/12/2007 14:28

Trades going through at 1.75p, i dont believe these are sells but someone accumulating...Maybe directors buying..imo

[silkcut5] 05/12/2007 14:17

Some nice buying going on. plus mkt a 197k just through, we should start moving shortly..

[silkcut5] 05/12/2007 13:55

Anaerobic Digestion
One example of an improved animal waste management system would be an anaerobic digester. A cross section of a digester like the one shown in the above picture appears below. Digesters are designed by optimizing the retention time (typically between 22-28 days) to maximize CH4 capture.

[silkcut5] 05/12/2007 12:18

"The outcome of these negotiations and their effect on
the financial position of the Company remains uncertain. A further announcement
will be made in due course."


Heres hoping that this final statement leads to a an announcement that alternative arrangements have been found ...If so its a bumper New Year...For AGC holders at these levels..Im optomistic.

[silkcut5] 05/12/2007 12:14

"I also notice that the negotiation that fell through was concerning
4.2 million tonnes....not 6.2.

This begins to look a lot better after sober digestion!!!"


Charlie if the management can sort this out and renegotiate elsewhere then at todays price you can buy a christmas goose instead:)

[charlie11908] 05/12/2007 12:10

Bid up a tad!!

[silkcut5] 05/12/2007 12:09

i think the 250k this morning at 1.75p was a buy, if the 80k is filled it might take us up, but you can still buy at market price, if more buys come in and the offer and bid move up, the 80k will not get filled...Lets see what happens

[seanmiller] 05/12/2007 12:06

I see. What is the prospect of it ending the auction up/down, or will it remain same?

[silkcut5] 05/12/2007 12:05

Sean because thre is a buy order sat on the book at 1.75p, if dealt it would mean that it was executed over 5% away from the last AT buy trade at 1.99p.

My understanding is that this is what triggered the auction and untill the order is filled or removed we will remain in auction... A little confusing but i think thats the reason

[charlie11908] 05/12/2007 11:53

I also notice that the negotiation that fell through was concerning
4.2 million tonnes....not 6.2.

This begins to look a lot better after sober digestion!!!

Now to digest drivinggreen.com


Caveat Emptor!!!

[seanmiller] 05/12/2007 11:52

anyone know why they are still in auction?

I have seen a 5-10 minute auction, but this has been going for ages ?

[silkcut5] 05/12/2007 11:50

Ok sorry, my mistake its Euros not pounds still around £15 million, and at todays share price i cannot see them raising further funding at this low price. For one Fidelity would be very unhappy..

Its in everyones interest to get the share price back to a more respectable level.imo

[charlie11908] 05/12/2007 11:46

From the results....

Cash on hand at end of period of Euro27.7M vs. Euro26.5M at June 2006

[silkcut5] 05/12/2007 11:46

Agriculture
Emissions through Agriculture
According to the Intergovernmental Panel on Climate Change (IPCC) 2001 report on Mitigation and the PEW Center on Global Climate Change, Agriculture contributes to approximately 20% of global anthropogenic greenhouse gas emissions.

AgCert™ reduces greenhouse gas emissions on livestock farms by implementing practice changes in Animal Waste Management Systems.

Agricultural producers gain a new revenue stream that result from the sale of the emission reduction. Additional benefits include reduced odour, improved fertiliser, preventing contamination of groundwater or surface water, and reduced flies. Due to AgCert's activities on one farm, regulators that had previously closed the farm due to environmental issues allowed it to reopen.

Emission Reductions from Agriculture
Emission reductions (ERs) are created by a difference in the amount of emissions from a defined baseline. Specifically, ERs are created by improved manure handling practices such as covering a lagoon or earthen basin with a biocover or non-permeable cover, or the use of deep pit confinement buildings, or anaerobic digesters. These practices reduce the amount of methane and nitrous oxide that would normally be produced in the baseline environment. The ERs that can be marketed by this ISO standardized process are calculated by complex algorithms, unprecedented transparency of data, and rigorous quality control and verification.

AgCert™ aggregates ER supply not only from multiple farms, but multiple farm systems, and manages the verification, registration and liability issues. This simplifies the process for livestock producers, who ultimately reduce their risk to zero, provided they verifiably adhere to the practices that result in emission reductions. The multiple farm system aggregation process also simplifies transactions for buyers, as they are able to confidently purchase large quantities of ERs from a single seller (AgCert™).


Anaerobic Digestion
One example of an improved animal waste management system would be an anaerobic digester. A cross section of a digester like the one shown in the above picture appears below. Digesters are designed by optimizing the retention time (typically between 22-28 days) to maximize CH4 capture.

[silkcut5] 05/12/2007 11:45

Charlie, i was going off the last set of results, i might have read it wrong but i thought it was £25 million sterling...However it could be euros or the irish punt... Will check later and get back to you..

[silkcut5] 05/12/2007 11:43

Consumer Market
Greenhouse gas emissions from consumers are produced in several ways: Driving your car, electricity use in the home, and flying are just a few. AgCert™ has developed DrivingGreen.com to make it easy to offset the greenhouse gas emissions they are responsible for by driving, flying, and even offer event offsets. Do your part! Visit DrivingGreen.com to calculate and offset the emissions of your vehicle, flights, and events

[charlie11908] 05/12/2007 11:43

Silkcut......

Well done.....

We'll see substantial movement after today's Irish budget.

But can you do me a favour.....

Can you be a bit more acute about the cash....

The Guardian said last week £16 million, and I believe that was
wrong....

Do you mean 25 million in Sterling, Euros or dollars?

[silkcut5] 05/12/2007 11:43

AgCert™ GHG Emission Markets
There are presently three types of greenhouse gas markets. Click on the markets below for more information.
Regulatory Market
Voluntary Market
Consumer Market
Regulatory Markets
A regulatory market has emission limits set be the governing body, and issues allowances to emitters as a "right to emit" a certain amount of emissions. Emitters must turn in the same amount of allowances as their actual emissions at the end of the compliance period or pay the penalties set forth by the regulation.

AgCert is currently active in two regulatory markets:
Kyoto Protocol
EU Emissions Trading Scheme (EU ETS)
Regional Greenhouse Gas Initiative (RGGI)
AB32 - California, United States

Kyoto Protocol
The Kyoto Protocol sets legally binding limits on greenhouse gas emissions in industrialized countries who have committed to reduce their GHG emissions during the 2008-2012 first "commitment period". In addition to promoting the reduction of on-site GHG emissions, the protocol envisages market-based flexible mechanisms aimed at keeping the cost of curbing emissions low:

Emissions trading
Joint implementation projects; and
Clean development mechanism projects

Emissions Trading
Under the Kyoto Protocol, GHG emissions are quantified according to tonnes of carbon dioxide equivalent (CO2e). One tonne of CO2e will be known as an Assigned Amount Unit. Each ratifying Annex 1 country will be subject to a maximum number of AAUs equal to the maximum permissible amount of GHG emissions for that country. Countries will be able to trade AAUs in order to comply with their GHG emission reduction targets under the Protocol.

Joint Implementation (JI)
Joint Implementation projects allow Annex 1 (developed) countries to invest in GHG emission reduction projects in other Annex 1 countries (ratifying countries subject to GHG emission reduction targets from 2008 onwards), provided those projects result in real, measurable and long-term climate change benefits. The investing party is awarded "Emission Reduction Units" (ERUs), which can be used for its own emission reduction target, or sold to third parties. However, JI ERUs may not be used for compliance until the first commitment period of the Kyoto Protocol, commencing in 2008.

Clean Development Mechanism (CDM)
Clean Development Mechanism projects also allow Annex 1 countries to invest in GHG emission reduction projects. These projects take place in developing countries without GHG emission reduction targets. In order to promote sustainable, environmentally friendly development in developing nations, the Certified Emission Reductions (CERs) earned by CDM projects can be used to meet GHG reduction requirements in the European Union Emissions Trading Scheme (EU ETS) starting in 2005, as well as requirements under Kyoto.

Joint Implementation and CDM programs are driven by the understanding that climate change is a global problem, and therefore it does not matter where the emissions reductions are physically achieved. The key consideration is that they occur and are achieved in the most cost- effective way. In addition, Joint Implementation and CDM will also transfer environmentally sound technology to help countries move onto a sustainable path of development.
EU ETS European Union Emission Trading Scheme
2005-2007: Phase 1 of The European Union Emission Trading Scheme (EU ETS)
The European Union (EU), having ratified the Kyoto Protocol (Kyoto), has voluntarily imposed stricter commitments than those under Kyoto, and has committed to reduce its GHG emissions to 92 percent of 1990 levels by 2012. As a result, it has implemented a trading system for GHG emission reductions known as the EU ETS, which came into effect on 1 January 2005 and is the first regulatory enforced commercial market for certified emission reductions (CERs).

Under the EU ETS, as under Kyoto, GHG emissions are quantified according to tonnes of carbon dioxide equivalent (CO2e). One tonne of CO2e is known as a European Union Allowance (EUA). In order to reduce GHG emissions, the EU ETS will impose caps on the amount of EUAs permissible in any EU member state. In turn, each EU member state must draft a National Allocation Plan (NAP), which must be approved by the European Commission, setting out how the maximum annual volume of EUAs in that EU member state is to be divided between the various sectors of GHG emitters, and setting limits on individual emitters. These caps will be deliberately challenging, so as to encourage GHG emission reduction and the development of a trading market in emission reduction credits.

To reduce their emissions in order to comply with the caps, emitters can either invest in technologies that will result in reducing emissions, purchase reductions from emitters who have emitted less GHG than they were allowed and thus have a surplus to sell into the market, or purchase GHG emission reductions to 'offset' against their GHG emissions. The technology option for most big emitters has proven to be cost prohibitive. In addition, most emitters affected by the GHG reduction commitments are not expected to be in a surplus situation. The emitter's most cost effective solution is to purchase GHG emission reductions, hence accomplishing two key goals: 1) allowing the emitter to meet its GHG reduction commitment and, in the case of CERs, 2) contributing to the social and economic benefit of developing countries or countries in transition.

The EU ETS will be implemented in two stages: Phase 1 (2005-2007); and Phase 2 (2008-2012) which corresponds with the first commitment period of Kyoto. During phase 1, any emitter exceeding its GHG emission cap under the NAP in any given year (after taking into account any emission reduction credits they have purchased to offset their emissions) will be subject to a fine of €40 per tonne of GHG emitted in excess of that cap, will have to purchase corresponding EUAs to correct the excess in the following year, and will be publicly named on the European Commission's web site. During phase 2, the fine will be increased to €100 per tonne in excess of the cap. There is therefore a strong incentive for emitters to purchase emissions reduction credits to offset their emissions and avoid these harsh penalties.

As mentioned above, the NAPs for each EU member state impose annual caps on emissions. Any installation with a surplus number of EUAs for any year may carry that surplus over into the next year. The surplus may be used to offset GHG emissions in that year, or may be sold to other emitters. Such banking of allowances is permitted during phase 1 of the EU ETS only - any surplus at the end of phase 1 will be lost. The only emission reduction credits that may be used to offset emissions or banked throughout phase 1 and phase 2 of the EU ETS are CERs arising from CDM projects.

2008 – 2012: Phase II EU ETS, First Commitment Period Kyoto Protocol
2008 will see further development of the global GHG emission reductions market. The EU ETS will enter phase 2, with tougher fines and no option of banking EUA allowances from phase to phase. Also, the first commitment period of the Kyoto Protocol will commence, with all ratifying industrialized nations being subject to GHG emission reduction targets. As a result, the market for GHG emission reduction credits is expected to grow due to the forecasted increase in demand from capped emitters. ERUs from JI projects will be available for trading in this period as well.
Regional Greenhouse Gas Initiative (RGGI)
Cap & Trade program for power plants in Northeast U.S. states. The model rule was issued in August 2006. RGGI allows for domestic and foreign credits as part of compliance.
AB32 - California, United States
The bill enacts the California Global Warming Solutions Act of 2006, to require the State Board to adopt regulations on or before January 1, 2008, establishing a program to require the reporting and verification of statewide greenhouse gas emissions. Statewide greenhouse gas emissions limit equivalent to 1990 levels to become effective in 2020.
Voluntary Market
A voluntary greenhouse gas (GHG) emission reduction market is one which exists outside of any regulatory mandate. Currently, the United States, Canada, Japan and others operate in a voluntary market. However Canada and Japan have ratified the Kyoto Protocol and therefore will be in a regulatory market in 2008.

Emitters in a voluntary market reduce their greenhouse gas emissions or invest in GHG emission reduction projects for a variety of reasons.

•
It's the right thing to do

•
They believe a regulated market is in their future and want to be prepared

•
Their shareholders have filed resolutions in regards to climate change risk

•
In response to information, scientific consensus or pressure by environmental groups

•
Positive public relations


There are no emission limits in a voluntary market. There are increasing demands for transparency and verification of emission reductions offered to voluntary programs and the market has seen increased interest in 2006. Many emitters in voluntary markets actually prefer regulation because then they know exactly what reduction targets to reach. They also know that an emission reduction that is approved by the regulatory body is what they need to meet their requirements, simplifying their purchasing decisions

[seanmiller] 05/12/2007 11:12

This stock is a great recovery play, I managed to but at 1p. only 90k. Had another order for 1.1p for the same amount that didn't get filled lol.

win some, lose more

[silkcut5] 05/12/2007 11:08

Its also a big buzz word at present, GC have the infrastructure and once they get their situation rectified, could be a seriously decent profit maker.dyor

[silkcut5] 05/12/2007 11:05

THIS FROM THESE LEVELS COULD BE A SERIOUS RECOVERY PLAY. Take a long hard look i think you might decide its worth investing in...£25 million cash in the bank..

[silkcut5] 05/12/2007 11:04

ALITTLE ABOUT THE INDUSTRY

Emissions Trading
What is Emissions Trading?
Emissions trading, under a cap and trade policy, is an approach to controlling large amounts of emissions from a group of emitters. Emissions trading uses market forces to allow emitters to reduce emissions at costs that are lowest for each emitter's individual circumstance.

In a cap-and-trade system, the government sets the total amount of a pollutant that can be put into the environment by an entire industry or class of emitters. The government establishes emission allowances, which can be bought and sold among companies in the industry. The only requirements are that emitters completely and accurately measure and report all emissions and then turn in the same number of allowances as emissions at the end of the compliance period.

For example:
Companies A and B both emit 100,000 tonnes of CO2 per year. In their national allocation plans their governments give each of them emission allowances for 95,000 tonnes, leaving them to find ways to cover the shortfall of 5,000 allowances. This gives them 3 choices:

• Reduce their emissions by 5,000 tonnes
• Purchase 5,000 allowances in the market
• Take a position somewhere in between.

Before deciding which option to pursue they compare the costs of each. In this example, the market price of an allowance at that moment is € 10 per tonne of CO2e.

Company A calculates that cutting its emissions will cost € 5 per tonne, and so decides to do this because it is cheaper than buying the necessary allowances. Company A even decides to take the opportunity to reduce its emissions not by 5,000 tonnes but by 10,000, to ensure that it will have no difficulty holding within its emission limit for the next few years.

Company B is in a different situation. Its reduction costs are € 15 per tonne, i.e. higher than the market price, so it decides to buy allowances instead of reducing emissions.

Company A spends € 50,000 on cutting its emissions by 10,000 tonnes at a cost of € 5 per tonne, but then receives € 50,000 from selling the 5,000 allowances it no longer needs at the market price of € 10 each. This means it fully offsets its emission reduction costs by selling allowances, whereas without the Emissions Trading Scheme it would have had a net cost of € 25,000 to bear (assuming that it cut emissions by only the 5,000 tonnes necessary).

Company B spends € 50,000 on buying 5,000 allowances at a price of € 10 each. In the absence of the flexibility provided by the ETS, it would have had to cut its emissions by 5,000 tonnes at a cost of € 75,000.



In this example, emissions trading brings a total cost-saving of € 50,000 for the companies involved. Since Company A chose to cut its emissions (because this was the cheaper option in its case), the allowances that Company B purchased represent a real reduction in emissions, even though Company B did not reduce its own emissions.

Why are cost savings so significant?
Cost savings are significant because the government does not impose specific reductions on each emitter. Instead, individual emitters choose whether to reduce emissions or purchase allowances. Some may be able to reduce emissions below the market price for allowances, while others may be able to purchase allowances for less than it would cost to reduce their emissions.

Why is cap and trade effective?
Cap and trade is effective because:

The cap always protects the environment.
As the economy grows, sources must find ways to keep emissions beneath the cap.
Complete and consistent emissions measurement and reporting by all sources guarantees that total emissions do not exceed the cap.
The design and operation of the program is relatively simple which helps keep compliance and administrative costs low.
When is it appropriate to use this policy approach?
This approach is best used when:

The problem occurs over a relatively large area
There are a significant number of emitters responsible for the problem
The cost of controls varies from emitter to emitter
Emissions can be consistently and accurately measured

Has this approach been used successfully?
Cap and trade was first tried in the U.S. to control emissions that were causing severe acid rain problems over very large areas of the country. Legislation was passed in 1990 and the first compliance period was 1995. Sulfur dioxide (SO2) emissions have fallen significantly, and costs have been even lower than the designers of the program expected. In a short time, the U.S. Acid Rain Program has achieved greater emission reductions than any other single program to control air pollution.

A cap and trade program also is being used to control SO2 and nitrogen oxides (NOx) in the Los Angeles, California area. The Regional Clean Air Incentives Market (RECLAIM) program began in 1994.

Finally, states in the northeast U.S. cooperatively designed a regional NOx cap and trade program to control transport of ground-level ozone. Reductions began in 1999. EPA is expanding the NOx control effort to include more sources and states.

Greenhouse Gas Cap & Trade
In the greenhouse gas market, the European Union Emissions Trading Scheme (EU ETS) is a cap and trade program that went into effect January 1, 2005 for the 25 EU member states. More than 12,000 installations now have a cap on CO2 emissions, and trading of allowances has begun. The second phase will be in effect from 2008 – 2012 to coincide with the Kyoto Protocol. Subsequent 5 year phases are expected.

The Kyoto Protocol is another greenhouse gas cap and trade program that specifies the level of emission reductions, the deadlines, and methodologies that signatory countries (countries who have signed the Kyoto Protocol) are to achieve. The first phase of the Kyoto Protocol is 2008 – 2012. Flexible mechanisms have been introduced to help address the reduction needs of participating countries.

Clean Development Mechanism (CDM)
The CDM is a mechanism established by Article 12 of the Kyoto Protocol for project-based emission reduction activities in developing countries. The CDM is designed to meet two main objectives: to address the sustainable development needs of the host country, and to increase the opportunities available to Parties to meet their reduction commitments. CDM reductions are called Certified Emission Reductions (CERs).

Joint Implementation (JI)
JI is a project-based mechanism developed under the Kyoto Protocol, designed to assist Annex 1 countries in meeting their emission reduction targets through joint projects with other Annex 1 countries, meaning that JI projects can only be implemented between capped industrialised countries. One or more investors (governments, companies, funds, etc.) will agree with partners in a host country to participate in project activities which generate Emission Reduction Units (ERUs), in order to use them for compliance with targets under the Kyoto Protocol.

How Does AgCert™ Participate?
AgCert™ develops projects in developing countries to participate in CDM. AgCert™ offers CERs from our CDM projects as an option to emitters to meet their caps. Each CER is 1 metric tonne of CO2e reduction. In the EU ETS or Kyoto schemes, CERs can be used for compliance purposes. In addition, CERs can be banked to the second phase of the EU ETS (2008 – 2012), although EUAs (government allowances) cannot.

AgCert™ will also participate in JI. JI ERUs cannot be used for compliance until 2008.
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[seanmiller] 05/12/2007 11:03

we are in an Auction on lvl 2 ?