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| About Tricorona Products & Services Carbon Project Development Investor Relations Media Contact us | |||||||||||||||||||||||||||||||||||||
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  A Word from the PresidentIn 1997, the majority of the world’s industrialized countries signed the Kyoto Protocol, thereby agreeing to reduce their emissions of greenhouse gases by about five percent, on average, from 2008-2012. To help meet these goals, a global emissions trading system was created. Tricorona’s mission is to play a significant role in this global commerce, investing in and trading environmentally related market instruments. Over just a few years, Tricorona has become a leading player in the global climate-economy. Since the Kyoto Protocol was first implemented, major new consultations have been carried out in places as far afield as Bali, Indonesia and Poznan, Poland, in order to strengthen the treaty’s content and ensure that new climate accords can be reached in the future. As widespread awareness of the nature of the climate problem has increased, so too has the will to act. Soon it will be time for a new climate summit, this one in Copenhagen in December 2009. There—in the next leg of the relay race against time that began in Kyoto—the policy makers of the world will face the task of reaching a new international agreement on global climate change. Ensure that investments are made where they will yield the greatest environmental benefitReducing greenhouse gas emissions is not an impossibility. On the contrary, the technology is available, and the financial costs are reasonable in comparison to what it will cost if temperature increases are allowed to continue. Experts and climate scientists are confident that emissions trading provides a very effective means to reduce emissions. The most cost-effective way to realize emission reductions is to ensure that investments are made where they will yield the greatest environmental benefit; and emissions trading according to the Kyoto Protocol makes it possible to shift costly environmental investments from industrial countries to other parts of the world where the same investment will produce much greater emission reductions. The concept is sound, based as it is on the fact that environmentally-adverse atmospheric emissions are not confined by national boundaries. Giving CDM projects priorityIn just a few short years, Tricorona has developed into a leading player in the global climate-economy and has, since 2007, been ranked second in the world by the United Nations Environment Program (UNEP). Tricorona’s strategic focus gives priority to the development of Clean Development Mechanism (CDM) projects that reduce emissions in developing countries. By guaranteeing the project owners in developing countries a fixed price for a project’s emission reductions over several years, we provide the financial security that many projects need to become a reality. To drive development forwards, Tricorona has also established a cooperative effort with technology providers to accelerate technology transfer to developing countries. Step by step, these efforts have produced several concrete projects, whose first emission reductions are expected to reach the market in 2010. To become a leading force on the voluntary market for carbon offsetting, we founded Tricorona Climate Partner (TCP) in 2007. Although this market is still in its infancy, it represents very good development potential. The futureAt Tricorona we are confident that the international trade of emission reductions will be identified in the upcoming Copenhagen accords as one of several means towards climate improvement. Tricorona is well positioned to make the most of the business opportunities that the anticipated Copenhagen mechanisms should provide. Realizing continued growth on a dynamic market is one of the major challenges we face, yet we go forward with confidence, knowing that an essential part of success is to be able to motivate both current and future employees in developing our company with the commitment that has so clearly come to characterize Tricorona over the years. Niels von Zweigbergk President and CEO |
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Tricorona AB, Kungsgatan 32, Box 70426, SE-107 25 Stockholm, Sweden, Phone +46 (0)8-506 885 00, Fax +46 (0)8-34 60 80,  |
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