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Global Asia Energy

Global Asia Energy


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    T.D.writes: I invested in carbon credits that I bought from MH Carbon Limited, after the company told me that businesses buy these credits. Mine were supposed to be sold in October.

    When October came I was told that while I stood to make a 20 per cent profit, if I waited until November this would rise to 25 per cent. It seemed sensible to wait, but then in November, MH Carbon told me no one was buying.

    The company added that in April the Government would be introducing legislation that would force businesses to buy carbon credits or face heavy fines. I invested all my savings, so now I am extremely worried.

    I have yet to see any ordinary investor make a penny from trading in carbon credits, and I am afraid you are not going to be the first – though I do have some good news for you.

    MH Carbon, based in the City of London, is run by its sole director Jeffrey Razaq, so I asked him whether it was true you were first told your credits were showing a 20 per cent profit, with a promise of more to come, yet suddenly they could not be sold at all.

    He told me he had bought the company on November 14 last year, and that the broker who dealt with you had already left by then. There was no record of what you had been told, he said.

    Well, I asked, what about the idea that the Government was going to force companies to buy carbon credits from investors like you? Razaq came up with an announcement made last Ju...

  • Waste_177_

    Market for thermal and biological waste-to-energy technologies will reach $6.2 billion in 2012 The market for thermal and biological waste-to-energy (WTE) technologies will reach $6.2 billion in 2012 and grow to $29.2 billion by 2022 and the market value could reach $80.6 billion by 2022. According to Pike Research, waste-to-energy systems will treat at least 261 million tons of waste annually by 2022, with a total estimated output of 283 terawatt hours (TWh) of electricity and heat generation, up from 221 TWh in 2010. More than 800 thermal WTE plants currently operate in nearly 40 countries around the globe. These facilities treated 11 percent of MSW generated worldwide in 2011 compared to the 70 percent that went to landfills. WTE encompasses thermal and biological conversion technologies that unlock the usable energy stored in solid waste. High upfront capital costs and attractive economics for landfilling, however, represent persistent barriers to widespread adoption. “With many countries facing dramatic population growth, rapid urbanization, rising levels of affluence, and resource scarcity, waste-to-energy is reestablishing itself as an attractive technology option to promote low carbon growth in the crowded renewable energy landscape,” said senior analyst Mackinnon Lawrence. China is already in the midst of scaling up capacity, and growth there is expected to shift the center of ...

Asia Global Energy has acquired the exclusive Asian rights to WPS 2000 and TTCF.

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