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Carbon Rating Agency | http://www. carbonratingsagency.com/

About the Carbon Rating Agency

The Carbon Rating Agency (CRA) is a wholly owned subsidiary of IDEAcarbon  – part of the IDEAGlobal

group. Its mission is to improve the functioning and efficiency of the carbon markets by providing

Ratings and analysis of carbon emission projects and standards. The CRA’s ratings and opinions are

unencumbered and independent - CRA does not trade, buy, sell or originate carbon credits.

The CRA brings rigorous, transparent, and consistent analysis to the complex and rapidly changing

global markets for carbon. This analysis supports the global carbon markets to continue their growth

and allows them to attract the significant levels of finance necessary to efficiently address the long

term problem of global climate change.

The Carbon Rating Agency has developed risk assessment tools to enhance the market transparency

and transactional efficiency. An important outcome of CRA’s risk analysis is an independent opinion on

the likely performance of an emission reduction project at various levels.

Expertise

CRA’s core business is the provision of independent RATINGS of carbon emission. CRA

provides analysis at different levels of detail and response time, to suit client requirements.

A quick comprehensive Rating SCAN is often the first deliverable and may be adequate for

initial client decision making. Subsequent ASSESSMENT can focus on key risks and on specific

concerns.

CRA’s ratings of more than one hundred CDM and JI projects, together with a number of VER

projects provides a basis of sectoral Insights that can inform client strategy and planning.

CRA Ratings and Risk assessments are undertaken across all sectors but with an increasing

focus on emerging major areas such as:

•  Programmes of Activities•  Forestry/REDD

•  Energy efficiency in buildings

Carbon Ratings All non-issued CERs/VERs pose delivery risk.

Carbon assets not only face the risk of normal

project delivery  – country, financial and

performance uncertainties  – but are also subject

to a high degree of regulatory and monitoring risk.

Carbon methodologies, compliance with local and

international authorities, and monitoring of 

carbon emissions provide additional risks to thedelivery of forward contracts for emissions.

Ratings are an essential tool in any investment

process. CRA Ratings provide market-leading

analysis of the performance prospects of Clean

Development Mechanism (CDM) and Joint

Implementation (JI) and Voluntary projects,

portfolios or carbon-linked instruments and

standards.

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Carbon Rating Agency | http://www. carbonratingsagency.com/

What can CRA Ratings bring to the market? The CRA Rating:

  Establishes a clear relationship between the

price of carbon and the delivery risk, thus

helping the carbon market to mature;

  Elucidates risks in other markets, and in the

carbon markets they promise greater

transparency as well; and

  Promotes more efficient investment

through a better understanding of project

performance. 

CRA Ratings are designed to enhance market

transparency and transactional efficiency. The

analysis can be provided at different levels of detail

according to the client’s requirements. 

Ratings Products Ladder

The procedures developed by CRA are applicable at varying levels of detail and confidence, whichallows assessment to be carried out to suit clients’ needs and timescales. The approach is sequential

so that an initial Scan can be upgraded to a more complete assessment, if the project warrants this.

For more information on CRA products, please contact our team at: +44 (0)207 664 0200.  

Services Clients

Ratings  –  in depth analysis and delivery estimation of carbon

emissions projects and credits

Project Developers

Risk assessment  –  at all project stages depending on level of 

detail required 

Utilities/Compliance Buyers

Carbon asset pricing – price estimation of carbon credits International Banks

Portfolio evaluation and monitoring  – serves strategic business

purposes or internal risk management procedures. 

Investment Banks / Portfolio

Holders

Delivery estimation - CRA’s propriety tool generates readily

usable estimates from a project or portfolio 

Carbon Asset Managers

Analysis of key methodology aspects Compliance Buyers

Sequential

steps

Full

Rating

Full diagnostic

of major risk

factors

Including

independent

verification

Reviewed by

full Rating

Committee

Rating

Assessment

Greater

detail on

selected

issues

Information

from desk

studies and/or

field visits

May be

reviewed by

RC

Rating

ScanConsidered opinion

Additional

information

from client

Preliminary

Scan

Quick

opinion

Readily available

information