TASC story
In 2003, TASC shareholders established ICECAP, a pioneer in international carbon markets. ICECAP developed deep expertise in project origination, portfolio management and carbon credit trading:
• Managed €500m assets, generated 40m tonnes CO2 reductions
• Set up one of the first private sector carbon funds
• First to sell derivative contracts and to structure floating price ERPAs
ICECAP originated carbon credits from over 80 projects:
• Countries: China, India, Peru and South Africa
• Methodologies: Renewables, Landfill Gas, Waste Heat Recovery
• Counterparties: Investec, Enel, Marubeni, JP Morgan, Barcap
In 2007, ICECAP sold its carbon business and the principals set up 3 Rocks Ltd: a carbon project developer and now a TASC company