About

Redux means to revisit, to bring back, to restore. The idea behind the name of the company Carbon Redux is to help restore the carbon balance of the planet. Carbon Redux wants to contribute towards mitigating the consequences of human development during the past two centuries.

Management

As individuals, the Carbon Redux staff have been active in climate change and carbon management since 1988, bringing to their clients a unique and distinguished experience. In the region of central and eastern Europe, their experience is unparalleled.

Stanislav Kolar, Managing Director - Mr. Kolar has over 20 years of experience in carbon management and global climate policy development. He participated in negotiations that led to the establishment of the Kyoto Protocol in 1997.  He advised on climate change and emission reduction projects many governments and multilateral institutions, including the World Bank. He participated in the design and establishment of the EU emissions trading scheme and is presently advising the European Commission on climate change cooperation between the EU and Russia and Ukraine. Mr. Kolar is a co-author of the ISO 14000 series of standards on greenhouse gas accounting, and author of several greenhouse gas emission reduction calculation methodologies used by accredited verifiers under the Kyoto Protocol.

Peter Kalas, Strategic Development Director - Mr. Kalaš was the Minister of Environment of the Czech Republic during 2008-2009. As the Environment Minister, he created the first credible Green Investment Scheme in the world for the sale of AAU carbon credits under the Kyoto Protocol. He negotiated the largest sales of carbon credits in the world to buyers from around the world worth more than 500 million Euro. For many years before that, he was a key manager in the World Bank, where he directed the Bank’s Country Studies Program, which defined climate policy strategies in many countries of Eastern Europe, Asia, and Latin America. Mr. Kalas is one of the world’s leading professionals in climate change policy with impeccable reputation for integrity and competence.

Petr Stepanek, Projects Portfolio Director - Mr. Stepanek manages Carbon Redux’s project portfolio. During 2006-2010 he was the Director General of the State Environmental Fund of the Czech Republic. In his position, he managed investments in environmental projects worth more than 1 billion Euro.  He implemented new environmental accounting standards and built the most respected environmental funds in central and eastern Europe. Mr Stepanek negotiated carbon credit transactions with buyers from Japan, USA, and Europe. Prior to his position at the State Envrionmental Fund, Mr. Stepanek held executive positions in the banking sector.

Martin Sankot, Ph.D., Investment Director - Mr. Sankot is a senior finance executive with more than 15 years experience in the European financial services industry. He served for 4 years as the CEO of CP Invest, one of the largest portfolio investment funds in the Czech Republic. There he had over €120 million under management, including investments in the energy sector.  He co-founded AEGON insurance company in the Czech Republic. Recently he developed over 30 MW solar photovoltaic projects in the Czech Republic and Slovakia for strategic and institutional investors. He managed the projects in all phases, including permitting, technology procurement, EPC contract negotiations, and financing.

Jiri Barton, Ph.D., Technical Director - Mr. Barton oversees all technology matters at Carbon Redux. He was the Director General of the Czech Energy Agency (1995-2001) and as such became one of the founding fathers of Czech renewable energy policies. Between 2001-2007 he was the Executive Director of the Czech Energy Managers Association.  He is Chairman of Cogen Czech, member of Cogen Europe. He is also the Executive Director of World’s Green Lungs, and non-profit organization leading the effort to reforest one of the largest tropical rainforest in the world in the Democratic Republic of Congo. Mr. Barton is a leading European energy policy maker and a recognized expert in cogeneration and energy efficiency.

Strategy

Emissions of greenhouse gases that Carbon Redux's activities cause primarily come from:

1. Electricity for office lighting and cooling, and for hot water. They have applied for and will begin purchasing only renewably-generated electricity from thier local power supplier PRE. In this way, they will offset all GHG emissions caused by their electricity usage in the office.
2. Energy for office cooling. This energy is supplied by a local natural gas-fired boiler and presently, it is not possible to be supplied with heating energy generated by renewable fuels. For this reason, Carbon Redux is looking to purchase carbon offset allowances from CDM and Gold Standard projects from around the world to offset emissions associated with heating their office during the winter months. This commitment is supposed to take effect during the winter season of 2011-12.
3. Energy for commuting to work. All the Carbon Redux employees use public transportation in Prague to commute to work. Therefore, GHG emissions associated with work commuting are negligible.
4. Energy for business trips. Carbon redux's business trips are frequent, and take place both domestically using cars or train, and internationally, using mostly air travel. Business trips represent Carbon Redux's single largest source of greenhouse gas emissions. They have made a commitment to reduce all GHG emissions caused by business travel of all or their employees. They will use their model to calculate on annual basis, the emissions associated with their travel, and at the beginning of the following year, will purchase equivalent amount of certified CDM or Gold Standards emissions allowances from highest quality projects.

Carbon Redux's scope of services spans three major areas:

1. They advise corporate clients on EU ETS compliance, the EU commission on climate change cooperation with Russia, Ukraine and other countries, and many other clients on climate change management and policy.
Recently, we have carried out these assignments:

• They were a team leader for a European Commission effort to identify new projects for cooperation in climate change between the EU and seven European Neighborhood Policy countries, including Russia and Ukraine.
• They have been managing EU certification for greenhouse gas verification system GreenCertTM developed jointly by C-Lock Technologies and IBM.
• They have been consulting assignments in Belarus and Ukraine on the development of their domestic JI policies and emission reduction strategies.
• They are the Advisory for the Polish Ministry of Environment and National Envrionmental protection Fund on JI project assessment methodologies.
• They have been involved with the development of CDM project baselines for the Caribbean power sector.

2. Carbon Redux is a global trader in emission allowances and specialists in JI and CDM project development. They especially focus on:

• Buy/Sell Transations with EUA/CER/ERU; They broker transactions on European exchanges or directly with third parties in EU ETS compliance allowances.
• EUA-ERU/CER Swaps; Kyoto Protocol projects generate emissions credits that can be used for compliance under the EU ETS scheme. They are called Emission Reduction Units (ERU) from Joint Implementation projects, or Certified Emission Reductions (CER) from the Clean Development Mechanism. EU ETS compliance companies can use these emission credits up to a certain limit instead of the EUAs, thanks to the EU Directive 2004/101/EC. Since there is presently a price difference, and the ERU/CER credits can be purchase on exchanges virtually risk free, clients stand to make certain profit.
• JI and CDM Projects; Carbon Redux are involved as developers or advisors in a number of JI and CDM projects in eastern and southern Europe. Their clients can purchase future emission credits from these project at a discount over carbon exchange prices.

3. Carbon Redux organizes climate-neutral events

They organize conferences, sporting or cultural events in environmentally responsible manner - they can make it carbon free! Events, such as sporting evetns, concerts, conferences, produce certain amount of greenhouse gas emissions - through air, road, or rail travel of its participants, paper and food consumed, or the energy needed to heat or cool facilities and hotels.  Using their certified carbon accounting model, they accurately calculate how many tons of carbon equivalent this will represent, and purchase equivalent amounts of greenhouse gas allowances created by emission reduction projects elsewhere.