The possible absence of the Kyoto Protocol will not prevent carbon bond issuers, such as Panama, from finding new buyers for the credits.
This seems to be the general consensus of experts on global climate change, who have stated that new stakeholders have emerged to purchase these bonds, traditionally sold to European countries.
Australia and America are two countries that have expressed interest in acquiring them, at a time when it is unknown whether the Kyoto protocol will be renewed.
This agreement requires European countries to acquire a certain proportion of bonds to offset the carbon emissions they generate.
In an article in Panamaamerica.com.pa, a local consultant and specialist in the carbon market, Eduardo Reyes states that "Panama has the ability to create projects that sell carbon credits to compensate their carbon footprint [approximation of the polluting gases emitted by the country], which is 10 to 15 million tons of CO2 (carbon dioxide).
"With the Canal expansion project alone, based on the fact that vessels which cross there are not polluting as much as they would if they travelled through the whole continent, our country will offset its carbon footprint," said Reyes. "
Source: Panamaamerica.com.pa
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September 2009
U.S. company Equator agreed to purchase $9 million worth of carbon certificates, which originate from the country's forest conservation.
Equator specializes in commercialization of carbon credits, and renewable credits from reforestation and forest conservation.
The money will be handled by Fonafifo (Forest Financing Fund), and will be used for "...
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