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02 May 2006

Mott MacDonald and QualityTonnes team up to develop Clean Development Mechanism projects

Mott MacDonald, one of the UK’s leading energy consultancies, and QualityTonnes, one of the top CDM project developers, have announced that they will work together to develop greenhouse gas (GHG) reduction projects around the world for sale in the international carbon market.

The Clean Development Mechanism (CDM) of the Kyoto Protocol allows projects that reduce GHG emissions in developing countries – many of which have GHG emission targets under the Kyoto regime and European Trading System – to generate credits and be sold to international buyers. Mott MacDonald and QualityTonnes will work together to develop and certify CDM projects for sale to such buyers.

The two companies will work particularly in the developing world, to survey existing and potentially new clients for GHG-reduction opportunities. Emphasis will be placed on oil and gas companies, electric utilities, water companies, selected industry sectors and renewable energy developers – all areas in which QualityTonnes has already developed approved CDM methodologies. Mott MacDonald will focus on developing the technical side of the projects, while QualityTonnes will focus on the complex CDM certification process.

Commenting on the agreement, Isabel Boira-Segarra head of Mott MacDonald's Carbon Initiative said: “QualityTonnes was recently recognised by Carbon Finance Magazine as ‘one of the world leaders in approved CDM methodologies’. By combining this expertise with Mott MacDonald’s technical skills and experience, we believe we can make a significant impact on the fight to reduce GHGs and global warming.”

“Mott MacDonald’s global reach, with offices and experts working on major developments all over the world, will provide tremendous opportunities to identify CDM projects in the energy, water, transport and other sectors,” said QualityTonnes managing partner Seth Baruch. “We look forward to working with Mott MacDonald to develop projects that can create what is becoming an increasingly valuable commodity in the Kyoto era – Certified Emission Reductions.”

Ends


Note to editors

QualityTonnes is one of the world leaders in the development and certification of CDM projects. QT has pioneered several innovative new CDM methodologies for clients around the world, including power companies, oil and gas companies, the World Bank and a number of clean energy technology businesses.
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