Ethan Bio Fuels

Archived Events & News

Month; January

The African Union has re elected the Ethiopian Prime minister to lead its climate negotiation team for and up to the Mexico climate summit.

Ethiopia has submitted its NAMA to the UNFCCC and associated itself with the Copenhagen accord. The NAMA composes mitigation actions in the power, waste and transport sectors. Actions were presented in the form of projects, obtained from plans under sector institutions of the government.

Month; February
The Meth panel has recommended the removal of applicability of Methodology ACM 0015 to Greenfield plants in its 43rd meeting report. Please read the details on www.unfccc.int/.

Month; March

Mr Ambachew F.Admassie, chairman of Ethan Bio-Fuels Ltd, has been elected as one of the two international private sector observers for SREP (Scaling up renewable energies program) of the Climate investment funds. The CIF is a 6.4 billion dollars fund established by the world bank, the Africa development bank, the Asia development bank and the European bank for reconstruction………

The all Africa carbon forum has been successfully held in Nairobi from March 2-6, 2010.The forum was opened by the Kenyan president, his Excellency Mr Muai Kibaki. Ethan Bio-Fuels Ltd has participated in the forum. The forum, as usual, entertained ranges of market players in the emissions market though targeting Africa this time. Insightful plenary sessions were part of the forum which gave sound predictions regarding the post v2012 regime and tips as to how Africa should play its game and how its political will could be mobilized with informed parameters for its negotiations in benefiting from the burgeoning carbon market as well as the Copenhagen Accord.

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Month; October
Ethan Bio-Fuels Ltd has been proposed as the most qualified Ethiopian private entity to represent the private sector carbon finance interest as part of the Ethiopian Negotiation team in the run up to and for the upcoming Global climate change negotiation in Denmark, Copenhagen.

One of the co developers partnering with Ethan Bio-Fuels Ltd has closed finance for the underlying investment. This is believed to increase its chance of success in the carbon finance value chain. “It is a reliving experience and promising to insure that an innovative project transcends the hurdle similar proposals from LDCs would otherwise face in the market.”, Said Ambachew, the chairman of EBF.

Month; September
Our CEO, Mr Ambachew F. Admassie , has been elected as a co-chairman of the Carbon Finance Work Group (CFWG) of Ethiopia, an initiative that closely works with the DNA office to help identify and assist in removal of barriers to the national Carbon Finance practice.

A workshop to share experiences from other CDM territories and identify host country legal and financial barriers has been concluded on Thursday, September 9, 2009 at the UNECA conference center in Addis Ababa. The workshop was organized by the Swedish Energy Agency. The Brazilian DNA and CDM practice was highlighted as the best model for the Ethiopian situation since they became able to take 10% of the global share of CERs contributed, even if they are with about 98% hydro based grid electricity. One day training on latest practices of ERPA transaction models was also given on September 10, 2009 by Backer & McKenzie, a law firm based in Australia.. Representatives of Ethan Bio-Fuels Ltd attended, learned from and contributed to the sessions.

The CEO of Ethan Bio-Fuels Ltd has been proposed to chair the emergency group to identify barriers to the development and marketing of emissions reductions from CDM projects in the host country. The session was chaired by his Excellency Ato Desalegn Mesfin, Director General and Authorized DNA representative at the EPA. The emergency group is believed to come up with recommendations that would give a leap to some of the stalled project ideas.

Month; August

Ethiopia will represent Africa on the upcoming COP 15 climate negotiation in Copenhagen. This has been revealed when the Prime Minister of the country, His Excellency Ato Meles Zenawi has been elected to chair the Africa group by African Heads of states during the meeting held in Libya.

Ethan Bio-Fuels Ltd participated in the second year Grid Emission Factor calculation session for Ethiopia hosted by Energy Changes, an Austrian based company. The session was organized by the DNA of Ethiopia in collaboration with the Austrian CDM/JI. It was attended by two representatives from EEPCO, the only power provider of the nation, one representative from the Ministry of Mines & Energy, one representative from the DNA office and one representative from Ethan Bio-Fuels Ltd.In the end, the Combined Grid Emission factor of the country for the year ending December 2008 is found to be 0.0034 tCo2/GWh. (DNA)

Ethan Bio-Fuels Ltd has obtained its approval and category as a retail client as a result of a KYC (know your customer) process from one of the few top reputable financial institutions as part of the categorization requirements of the European Directive on Markets in financial instruments (MiFID). Under the same approval EBF have become eligible to enjoy the highest level of protection provided.