Endesa Carbono offers expertise in the carbon market and draws on long experience in greenhouse gas emission reduction projects. It provides services in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Peru, the Philippines, China and the United Arab Emirates, and it has offices in Madrid, Washington DC, Lima, Manila, Shenzhen, Shanghai, Beijing and Rio de Janeiro.
One of Endesa Carbono's chief strengths is its active presence in these different markets, permitting it to identify Clean Development Mechanism (CDM/JI) projects both in Endesa's installations and in those of its customers. Its position in the US is also key to the start-up of the carbon market in this country, which has made a firm commitment to cut emissions.
Endesa Carbono remains leader in a rapidly maturing market. With its knowledge of the market and contacts with leading buyers of carbon credits (CERs, ERUs, VERs..), Endesa Carbono presents a unique coordination and communication platform for buyers and sellers of CERs to reach agreement, thereby maximising the value of transactions.
Further information
Contact detail
Ribera del Loira, 60
Madrid, 28042
Phone: 34 91 213 41 54
Fax: 34 91 213 10 52
www.endesa.es
Location: Montjuïc, Hall4 Level 234 Street E 401
Enel is an international group active in the production and distribution of electricity and gas in 40 countries on four continents. Among Europe’s listed utility companies, Enel is the second largest by installed capacity (more than 96,400 MW) and one of the leaders in terms of shareholder numbers, with some 1.5 million investors.
Enel generates 285.5 TWh of electricity per year using a balanced mix of energy resources, with a constant increase of renewable resources.
The Enel Group distributes energy over 1.8 million km of power lines; it sells electricity to 57.1 million customers and gas to 4 million households and enterprises.
Enel has a strong global commitment against climate change, its strategy is based on five specific approaches, which cover all of the main elements of carbon neutrality:
- Use of the best existing technologies: Enel’s thermoelectric generation operations are gradually moving towards a mix which includes the exclusive use of high-efficiency plants, and therefore, reduced emissions;
- Developing “zero emissions” sources of energy, such as renewable and nuclear power: Enel’s longstanding leadership in the renewables sector is being consolidated through its company Enel Green Power, whilst an increasingly important role is planned for nuclear power within the Group’s generation mix;
- Energy efficiency: Programmes are underway to make the networks more efficient and initiatives are in place to promote the efficiency of end usage through the Group’s energy service companies;
- Research and innovation: Enel is committing important investments to implement demo projects for CCS systems and to develop innovative solar technologies and intelligent networks (smart grids) from 2009 - 2013; It will also promote the spread of electric mobility;
- Global commitment to reduce CO2 emissions through activities to extend projects and best practices in Eastern European and developing countries, Enel will also use the flexible mechanisms introduced by the Kyoto Protocol (Clean Development Mechanism and Joint Implementation), in which the Group is a global leader.
Since 2004 Enel has played an active role in developing projects – especially CDM - to abate greenhouse gas emissions. Such projects make it possible to optimize the costs of compliance to the European Emission Trading Scheme system (EU ETS), whilst at the same time favoring the transfer of technologies and sustainable development in Emerging and Least Developed Countries.
Among private and single buyers, Enel is the world largest CDM operator in the primary market. It has contributed with abatement projects that amount to a potential avoided greenhouse gases emissions of 200 million tonnes up to 2020, both by direct participation and through international funds.
The acquisition of Endesa, the largest Spanish electricity company and the largest private operator in Latin America, has further strengthened Enel’s leadership position in the carbon market. Endesa has in fact launched Endesa Carbono, an operator specialized in the supply of commercial credit and the origination and development of projects to abate emissions for third-party clients. Endesa Carbono portfolio can count on a wide range of projects, from wind to geothermal, to hydro and co-generation plants in well diversified set of countries all over the world that are managed from offices located in Europe, USA, Latin America and Far East
The Enel portfolio includes 105 projects, in addition to its participation in 9 funds, 5 of which are World Bank initiatives. The portfolio includes projects from renewable sources (68 projects including hydroelectric, wind and biomass), energy efficiency (15) and greenhouse gas abatement from chemical and fossil fuel upstream activities (22 projects). The whole Enel portfolio accounts for about 70 million of CO2 equivalent tonnes of emission reductions certified to date, the equivalent of 12% of credits already certified in the world.
To effectively accomplish business initiatives in the carbon markets, in 2009 Enel has created the Carbon Strategy Unit by integrating Enel-Endesa skills and portfolios. The Unit acts as a single point of responsibility for the Group’s compliance strategies, origination activities, market operations and portfolio optimization for all carbon credit markets. The Enel Carbon Unit is the key instrument to operate in all carbon markets for the implementation of the Enel Group strategic effort to reduce greenhouse gases emissions, by mean of Kyoto Protocol flexible mechanisms (CDM/JI).
Contact details
Viale Regina Margherita 125
00198 ROME (ITALY)
Phone: 00390683051
[email protected]
www.enel.com
Location: Montjuïc, Hall 4, level 234, street E 401