Presentation Carbon Products and Activities

1. PRESENTATION OF CARBONIUM
Products and Services
April 2011

2. Global carbon market: key numbers &
background
Carbon Finance in 2009, a market of more than:
• 95 billion Euros,
• 8.4 billion tons of CO2-equivalent.
The Kyoto Protocol: OECD countries with commitments under the Kyoto
Protocol to limit or reduce greenhouse gas emissions (by an average 5.2
% below their 1990 levels by 2012) must meet their targets primarily
through national measures. As an additional means of meeting these
targets, the Kyoto Protocol introduced three market-based
mechanisms, thereby creating what is now known as the “carbon
market.”

3. The Kyoto mechanisms
• Emissions Trading: Committed countries can trade their Assigned Amount Units
(AAUs) or other units
• Two project-based mechanisms which feed the carbon market :
– Clean Development Mechanism (CDM), generating Certified Emission
Reductions (CERs),
– Joint Implementation (JI), generating Emission Reductions Units (ERUs),
• Stimulate sustainable development through technology transfer and investment,
• Help countries with Kyoto commitments to meet their targets by reducing
emissions or removing carbon from the atmosphere in other countries in a cost-
effective way,
• Encourage the private sector and developing countries to contribute to emission
reduction efforts.

4. Carbonium : a pioneer actor in the carbon market
• Thanks to his experiences at the World Bank and the United Nations, Alexandre
2004 Borde founded Carbonium in 2004, in order to develop independent carbon
finance expertise in France
• The activity turns recurrent, with a strong positioning in the primary market (CDM/JI),
by sourcing investment opportunities to trigger important technological and
2007 financial transfers from North to South. Focus is on small-scale hydro and solar
• Carbonium opens a subsidiary in Bolivia in early 2009, in addition to the teams
already in the representative offices in Vietnam and Burkina Faso.
2008
• The development of the company follows an increasingly fast rate thanks to new
large scale projects in Morocco, Ukraine, not to mention its activities already
implemented in Sub-Saharan Africa, Vietnam and Bolivia.
2010 • In 2010, Carbonium launches two new activities in the secondary carbon market
and green products. Also, a representative office opens in Beijing, China.

5. Head, CARBOL
Organigramme
FERNANDO ALCOCER (Bolivia)
LATIN AMERICA
JUAN CARLOS GONZALEZ
Head, CHINA
SOUTH EAST ASIA VINCENT CORNU ZIWEI MAO
(China)
MIDDLE EAST Head,
OLIVIER ANH DIEP
VIETNAM DELESALLE HOANG
TINH NGUYEN
CENTRAL AND
Head, ORIGINATION - EASTERN EUROPE
PRIMARY MARKET BOCAR YATASSAYE
VINCENT CORNU
AFRICA MOHAMED
OUEDRAOGO ARTHUR
VANDERSCHOOTEN
(Burkina Faso)
CEO RENEWABLE ENERGY HENRI FRACHON
ALEXANDRE BORDE
CHRISTIAN LORENZ
BIOGAZ
CN ETS SHENJIE ZHOU
Head, PROJECTS (starting full time in June 2011)
DEVELOPMENT and
DOWNSTREAM EU ETS ALEXIS POULLAIN EMIILIA STAWECKA
OLIVIER LEVALLOIS Analyst Sales
GREEN PRODUCTS Position open

6. Carbonium: a Global Presence
Projects Development
Head – Development Project CDM/JI Sales
& Downstream Deveopment EU ETS
Executive Director
and CN ETS
TBD Analyst
Engineer Origination Origination
Green EU ETS
Renewable Latin America Africa
Certificates
Energy
FRANCE
Head – CDM/JI
Origination
Regional Director
Sub-Saharan Africa
Business Assistant
Projects Development China
CDM/GS
CHINA
BURKINA-FASO
Regional Director
South-East Asia
Origination
Director
Vietnam & Laos
Carbol
Business Assistant
BOLIVIA Vietnam
VIETNAM

7. Our activities
BROKERAGE / FINANCING
Identification, assessment, analysis and selection of emissions reduction projects (CDM/JI). Risk analysis,
negotiation of carbon credit purchasing/selling agreements, local monitoring. Corporate finance solutions for
small-scale hydro and solar power plants
CDM/JI PROJECTS DEVELOPMENT
CDM/JI project development, from the initial assessment of the emissions reduction to the registration of the
project at the CDM EB / JI SC. Priority is given to renewable energy projects and biogas.
CONSULTING IN CARBON INVESTMENTS
Assistance and advisory services on financial applications for emissions reduction projects (technical and
financial studies, consulting on carbon and/or renewable energy investment funds)
DOWNSTREAM ACTIVITIES
Intermediation on all other CO2-relative products (EUA, CER, ERU, AAU, VCS, swaps, etc.) as well as on green
certificates (RECS, GoOs). Emphasis on the Post Kyoto Phase (Phase 3).

8. Our know-how(1/4) : Brokerage / Financing
INTERMEDIATION / FINANCING
Identification, assessment, analysis and selection of emissions reduction projects (CDM/JI). Risk analysis,
negotiation of carbon credit purchasing/selling agreements, local monitoring. Corporate finance solutions for
small-scale hydro and solar power plants
SERVICES
 CDM/ JI Projects Identification on both primary and Strong expertise in risk
secondary markets assessment
 Drafting of the Project Identification Note / Investment
Note
 Eligibility analysis as well as the risks and the expectations Relevant local
of the project owner presence next to sellers
 Buyers and Investors identification (direct contact
between the parties involved)
Attractive commercial
 Assistance in negotiating the Emissions Reduction Purchase
Agreement (ERPA), Financial closing and the due diligence terms
process

9. Our know-how(1/4) : Brokerage / Financing
INTERMEDIATION / FINANCING
Identification, assessment, analysis and selection of emissions reduction projects (CDM/JI). Risk analysis,
negotiation of carbon credit purchasing/selling agreements, local monitoring. Corporate finance solutions for
small-scale hydro and solar power plants
SOME REFERENCES
 Three hydraulic power plants in Colombia :
- 9MW, 9 MW and 19 MW capacity
- 80,000 CER / year
 Corporate finance, equity and debt in Bolivia
- 2 up to 6MW, run of the river HPP
- 17,000 CER / year
 Methane generation from domestic waste project in Nigeria :
- 4 MW capacity
-100,000 CER / year
 Hydraulic power plants in Vietnam :
- 6.5 MW, 3 MW, 52 MW and 10 MW capacity
-145,000 CER / year

10. Our know-how(2/4) : CDM/JI Development
CDM/JI PROJECTS DEVELOPMENT
CDM/JI project development, from the initial assessment of the emissions reduction to the registration of the
project at the CDM EB / JI SC. Priority is given to renewable energy projects and biogas.
SERVICES
Competitive commercial
 Eligibility and feasibility studies : offer
- Additionality tests
- Cost/Revenue assessments
- Hosting country capacity
Strong expertise in
- Legal framework of the host country (due
renewable energies
diligence)
- CDM/JI risks analysis
 Writingof the Project Design Documents : Significant flexibility thanks
- Selection of the Business As Usual (BaU) scenario to a local area network
- Project emissions calculation
- Financial analysis
Validation expertise: already
- Methodology selection
participated to validation
- Stakeholders meeting process
- Monitoring plan

11. Our know-how(2/4) : CDM/JI Development
CDM/JI PROJECTS DEVELOPMENT
CDM/JI project development, from the initial assessment of the emissions reduction to the registration of the
project at the CDM EB / JI SC. Priority is given to renewable energy projects and biogas.
SOME REFERENCES
 Waste water treatment plant in Marrakech (supervision of the CDM cycle)
- Biogas and waste water treatment process valorisation
-130 000 CER / year
 3 hydroelectric power plants in Vietnam (supervision of the CDM cycle)
- 45 000 CER / year
 Solar photovoltaic power plant in Africa(feasability/eligibility study )
- 5 MW
- 5 000 CER / year
 Industrial gas JI project in France (methodology and PDD development)
- 10 000 CER / year
 LFG in Ukraine(Feasability/eligibility study and PDD drafting)

12. Our know-how(3/4) : Consulting
CONSULTING IN CARBON INVESTMENTS
Assistance and advisory services on financial applications for emissions reduction projects (technical and
financial studies, consulting on carbon and/or renewable energy investment funds)
SERVICES
Global vision of the
 Advisory services to investors market
 Assistance towards buyers when negotiating an ERPA
Know-how on a highly
Setting up international call for tenders for the sale of CER
specialized and rapidly
 Investment policies of carbon funds
growing market
Risk managing tools
Work Ethics

13. Our know-how(3/4) : Consulting
CONSULTING IN CARBON INVESTMENTS
Assistance and advisory services on financial applications for emissions reduction projects (technical and
financial studies, consulting on carbon and/or renewable energy investment funds)
SOME REFERENCES
 Moroccan Carbon Capital Fund
- Investment policy and training of the management team
- Identification of investment opportunities
- Preparation of the tender related to the ONE Call for Tender
- Technical due diligence
 Assistance to the setting up of CDC Climat Asset Management
- Investment policy
-Risk management policy

14. Our know-how(4/4) : Downstream
DOWNSTREAM ACTIVITIES
Intermediation on all other CO2-relative products (EUA, CER, ERU, AAU, VCS, swaps, etc.) as well as on green
certificates (RECS, GoOs). Emphasis on the Post Kyoto Phase (Phase 3).
OFFRE
SERVICES
 Intermediation of carbon credits (EUA-CER-ERU, etc.) Global vision of the
market
 Intermediation of green products (green certificates,
GoOs, etc)
 Structured products intermediation: swap, option, etc.
 Analysis of the carbon markets (publication of a weekly
Competitive prices
research newsletter)
Quick payments and
credit transfers

15. Our know-how(3/4) : Downstream since mid-2010
DOWNSTREAM ACTIVITIES
Intermediation on all other CO2-relative products (EUA, CER, ERU, AAU, VCS, swaps, etc.) as well as on green
certificates (RECS, GoOs). Emphasis on the Post Kyoto Phase (Phase 3).
SOME REFERENCES
 Focusing on the French market
- 80 prospects on the carbon compliance market
- 500 prospects on the green products market
 Dissemination of Carbone Hebdo
- Every second day of the week
- Special issues every two months

16. Expertise in Carbon Assets Management
Spot
transactions
Time
Forwards
Optimization
Projects
swaps
Portfolio

17. Institutional partners that keep on trusting us
Technical assistance to the
Moroccan Carbon Capital Funds Audition by the Prada Committee
(FCCM) 25% CDC, 25% BEI, 50% on the carbon market regulation
CDG
Counsel for the creation of CDC Feasibility studies for projects
Climat Asset Management – located in Macedonia, China,
Investment policies and risk Ukraine, and Sub-Saharan Africa
managing

18. Industrial partners (examples)
JI Project Development: Partnership in CDM and WWTP
(biogaz)
- SF6 emissions reduction in
substations maintenance

19. A communication strategy
Quarterly CDM/JI Research Newsletter
Presence in the media
- Carbon market key-player interview
- Economic Pravda (2010)
- Investment opportunities analysis in a CDM/JI host
- TV Channel 27 (2010)
country
- Médiapart (2010)
- Zoom on a project
- L’Expansion (2009)
- Décideurs TV (2008)
- Financial Times (2008)
- L’AGEFI (2006 & 2007)

20. Participation to Major Events in 2010
• Latin American Carbon Forum: Organization of a Workshop, October 2010
http://www.carbonium.fr/PDF/Carbonium - Press Release - 20061010.pdf
• Carbon Market Insights: Organization of a Side event, February 2010
http://www.pointcarbon.com/events/conferences/cmi2010
• Green Hub Korea: October 2009 and 2010
http://www.kotra.or.kr/greenhubkorea2009
• United Nations Environment Program Workshops: CASCADe Program in various African Countries, from
October 2009 to March 2010
http://www.cascade-africa.org/
• Carbon Expo: yearly participation

21. Afrique Amérique latine
Zone C, Ouaga 2000 Carbonium Bolivia S.R.L.
2314 Ouagadougou Calle 23, Edif. Villa del Sol n°7676
Burkina Faso Calacoto, La Paz
Europe Bolivia
5, rue de Rivoli
75004 Paris
France
Asie du Sud-Est Chine
281 Dôi Cân Street Suite 202
(3rd floor) Block J, East Lake Villas
Ba Dinh – Hanoi 35 Dongzhimenwai Main Street
Vietnam Dongcheng District
Beijing 100 027
http://www.carbonium.fr