NEW YORK, Sept. 16 NY-Equator-Env-elects
NEW YORK, Sept. 16 /PRNewswire/ -- Equator Environmental, LLC today
announced the appointment of Eron Bloomgarden as President of its
Environmental Markets Group. Bloomgarden, who previously served as
EcoSecurities' US Country Director and managed the firm's US operations, joins
Equator to lead and manage all aspects of its environmental markets business.
Bloomgarden will focus on carbon opportunities related to Equator's US and
International carbon investments, the development of carbon opportunities
related to Equator's Latin American timber business, as well as expansion of
Equator's activities to include additional carbon project types.
"With the addition of Eron Bloomgarden, we are well positioned to take
advantage of the growing US carbon markets and expand our expertise," says
Gerrity Lansing, President and CEO of Equator Environmental. "There are few
individuals that have Eron's proven leadership and in-depth understanding of
these markets. His success in developing carbon offsets in a wide range of
project types, combined with his institutional experience, strengthens our
capabilities and supports Equator's mission to become the leading player in
environmental finance," adds Lansing.
According to the World Bank, global carbon transactions totaled $64
billion in 2007, up from $30 billion in 2006, and are expected to grow to more
than $100 billion in 2008.
"As the carbon market matures in the US, more capital continues to be
allocated from the private sector into various environmental investment
opportunities," says Bloomgarden, who brings a wealth of experience in
environmental finance, emission-reduction project development, and management
to the company. "I am excited to join the team at Equator to meet this
growing demand and look forward to bolstering the portfolio of investments and
carbon reduction projects we currently offer our partners."
Prior to joining Equator, Bloomgarden spearheaded EcoSecurities' entry
into the North American carbon market and managed the company's U.S. carbon
credit origination, project implementation, strategic planning, and policy
initiatives. At EcoSecurities, he helped achieve several of the company's
most important milestones, including work on registration of the world's first
Clean Development Mechanism (CDM) project, and the first unilateral CDM
project. Bloomgarden has also advised governments, multilateral institutions
and international corporations on many aspects of the emerging greenhouse gas
(GHG) market.
Bloomgarden currently serves on the Board of Directors of the
Environmental Markets Association (EMA), the premiere trade association for
environmental industry professionals, and holds a Masters degree from Columbia
University's School of International and Public Affairs (SIPA) in New York.
Prior to joining EcoSecurities, Bloomgarden worked as a consultant for the
United Nations and at International Business Machines (IBM).
About Equator Environmental, LLC specializes in the generation and
management of high quality carbon credits and environmental assets derived
from reforestation projects, forest conservation and sustainable land
management. Equator uses state of the art financial structuring techniques to
create diversified revenue streams that benefit the Governments, timberland
owners and local communities who are our clients and partners. Equator
advocates policies that support the development of ecosystem markets and
create sustainable cash flows related to the protection and enhancement of the
world's ecosystems.
Equator's business units include Equator Environmental Markets, Equator
Asset Management and The Timber Group. The Environmental Markets Group
utilizes innovative financial structuring and market knowledge to maximize the
value of carbon offsets and other environmental assets. The company's Asset
Management Group places and manages investments for institutional investors in
high-growth, high-yield environmental and ecologically-based rights,
entitlements, credits, vehicles, companies and other instruments. The Timber
Group originates and manages forestry investments that generate competitive
timber returns and additional revenue through sustained flows of environmental
assets.
SOURCE Equator Environmental, LLC
