CUPERTINO, Calif., Feb. 14, 2020 /PRNewswire/ -- cKinetics, a
global Sustainability Advisory firm with a specialized practice for
Sustainability and Climate finance, announced its acquisition of
CaliforniaCarbon.info, an emissions data analytics platform
covering the Californian and Western Climate Initiative (WCI)
carbon markets.
Launched in 2013, CaliforniaCarbon.info offers emissions data and
price forecasts for all jurisdictions across the WCI carbon
program. It also generates analytical content covering the
allowance and carbon offset market, alongside tracking policy
design and legal risks.
"As the climate change conversation becomes more mainstream, we
see more countries and states replicating the carbon markets model
being used in California. We see
an opportunity to expand - CaliforniaCarbon.info into newer areas.
As a first step in that direction, we plan to launch offerings
related to the Low Carbon Fuel Standards Market soon. Our local
presence will enable us to engage more closely with the entities in
these carbon markets," said Upendra
Bhatt, Managing Director of cKinetics, which has a presence
in Cupertino, California.
The State of California has been a
global leader in decarbonizing its economy. By 2030 it aims to
reduce its GHG emissions to 40% below 1990 levels. The California cap and trade market trades an
annual volume of over $14.7 billion
worth of credits; and is one of the core enablers of the state's
goals of greenhouse gas (GHG) reduction. The newer Low Carbon Fuel
Standards (LCFS) market has rapidly grown and trades an annual
volume of $ 2.7 billion. The LCFS
program aims to reduce the carbon intensity of fuels by 20% before
2030. Due to the success it has seen with its measures,
California is working with several
other jurisdictions, to share its model.
"We are delighted to have engaged with cKinetics, as they
reflect our vision for expanding the CaliforniaCarbon.info platform
into a pre-eminent Climate Analytics leader globally," said
Nitin Tanwar, Founder of
CaliforniaCarbon.info. "Our customers have always been our
top-most priority and we are happy that they will benefit from
cKinetics' considerably larger resources and focus on Climate
finance," added Tanwar.
Abhilasha Fullonton
Media contact
cKinetics
6503311931
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SOURCE cKinetics