CERP Members
The Coalition for Emission Reduction Policy brings together leading companies from the energy, financial services, and emissions reduction project development sectors. The Coalition’s members have diverse interests and views on climate change policy. However, the Coalition is united around the following principles:
- Policies to address climate change policies should employ market-based approaches.
- Entities regulated under a climate policy should be given the option of achieving their compliance obligations through the use of offset credits from emission reduction or sequestration projects that are additional, permanent, independently verified, enforceable, and measurable.
- Offset credits should be available from an expansive set of sectors, activities, and countries.
- Entities that implement offset projects prior to the establishment of a regulatory program should be awarded offset credits for early action if those projects meet the relevant quality standards.
Members
American Electric Power, Camco Global, C-Trade Comercializadora De Carbano, Ltd., Deutsche Bank, Dominion, Duke Energy, The Eco Products Fund, Element Markets, JP Morgan, PG&E Corporation and Verdeo Group.
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning more than 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
Camco is an international climate change and sustainable energy business that has provided strategic, technical and financial services in the field for more than 20 years. Camco's team consists of over 220 experts located in 12 countries. Our Carbon Team is an unparalleled leader in asset development, and currently manages one of the world's largest carbon credit portfolios. Camco received the Best Project Developer award by Point Carbon in 2007, 2008, and 2009. Our Advisory team provides strategic carbon management services, while our Investment team works with project developers, technology providers, and investor groups to turn innovative projects into commercially viable solutions.
C-Trade Comercializadora De Carbono Ltda., a Brazilian Corporation, was established in March 2006 in Rio de Janeiro. The company identifies, certifies and negotiates the sale of approved carbon emission reduction units into international markets. Working with 4MW-130MW hydroelectric facility owners in both Bolivia and Brazil, C-Trade activities to date have created Certified Emissions Reduction units (CER) of 3.8 million metric tons CO2 equivalent within the Kyoto Protocol first compliance period (2008-2012), realizing a cumulative transaction value exceeding US $90 million in CER asset value to project owners. Strategically, C-Trade is undertaking renewable energy project CER development contracts in Bolivia, Brazil, Chile, Ecuador, Peru and Mexico for the certification and the sale of registered CER into Europe within the Kyoto Protocol CDM mechanism.
Deutsche Bank AG is one of the world's leading investment banks. With major offices in New York, London and Frankfurt, DB employs over 77,000 people in 75 countries, including 13,000 in the United States. DB offers unparalleled financial services throughout the world, and competes to be the leading global provider of financial solutions for demanding clients. Helping customers with climate change issues has become a key focus of the firm's growth. DB is a major participant in offset projects, renewable energy investment opportunities and other climate-related business.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 26,500 megawatts of generation, 14,000 miles of natural gas transmission, gathering and storage pipeline, 6,000 miles of electric transmission lines and 1 Tcfe of proved natural gas and oil reserves. Dominion also owns and operates the nation’s largest underground natural gas storage system with over 970 billion cubic feet of storage capacity and serves retail energy customers in 11 states.
Duke Energy, one of the largest electric power companies in the United States, supplies and delivers energy to approximately 3.9 million U.S. customers. The company has approximately 36,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, Duke Energy has more than 4,000 megawatts of electric generation in Latin America, and is a joint-venture partner in a U.S. real estate company.
The Eco Products Fund (EPF) is a private equity fund co-managed by Equator, LLC and New Forests, Inc. providing investment capital to projects producing carbon credits and other environmental assets. EPF invests in a portfolio of credits associated with wetlands and endangered species conservation, forest and land based carbon sequestration, and water quality improvements in the United States and internationally.
PG&E Corporation is an energy-based holding company whose core business is Pacific Gas and Electric Company. Pacific Gas and Electric Company is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, PG&E delivers some of the nation's cleanest energy to 15 million people in northern and central California.
Verdeo is the North American division of Sindicatum Carbon Capital Group, the leading sustainable natural resources company. We design, finance, develop and maximize value from projects that produce energy and reduce emissions. With a focus on the mining, municipal solid waste, and oil and gas sectors in North America, Verdeo works with leading industrial companies to design and implement projects that lead to improved financial performance, energy savings, reduced regulatory risk, and competitive advantage
CERP Officers
John Savage
Managing Director
Verdeo Sindicatum
CERP President
Charles Purshouse
Vice President, Carbon Services
Camco Global
CERP Vice President
Kate Faulhaber
Director of Climate Change
Verdeo Sindicatum
CERP Treasurer
board of directors
Bruce Braine
Vice President
American Electric Power
Jessica Orrego
Vice President, Project Implementation
The Eco Products Fund
Robert Parkhurst
Climate Protection & Analysis Manager
Pacific Gas & Electric
For more information
Van Ness Feldman provides support for the Coalition. If you would like more information, or if you are interested in joining the coalition, please contact Kyle Danish (202.298.1876, kwd@vnf.com).