In August 2008, we successfully auctioned a portfolio of 5.8 million Certified Emission Reductions, demonstrating our understanding of international compliance buyers and our ability to develop innovatively structured sales.
Camco is recognized not only as one of the best project developers in the market, but also for having strong financial structuring and placement capabilities for carbon credit sales.
We manage one of the largest portfolios of carbon credits in the world from which buyers can purchase Certified Emission Reductions (CERs) and Emission Reduction Units (ERUs) from projects in the Clean Development Mechanism (CDM) and Joint Implementation (JI) compliance markets, and voluntary carbon offsets from projects in the voluntary markets. Our carbon asset commercialization models are designed to secure maximum delivery from quality projects.
We continue to break new ground in establishing tailored contracting structures that better serve the needs of a more mature carbon market.
The projects that generate offsets for voluntary market applications are developed with the same rigor as our CDM and JI projects for the compliance markets, and each project has its own story to tell. We work with each buyer to identify projects from our portfolio that meet their preferences in terms of technology, geography, environmental and social benefits, risk, volume size, vintage development stage and price.