Mar
10
2008

ICF International Prices Carbon in Future Canadian Emissions Trading Market

New Study Identifies Magnitude of Potential Risk Faced by Large Emitters

 

 

Fairfax, Virginia, March 10, 2008 -

ICF International (NASDAQ: ICFI) is introducing a new tool that enables Canadian companies to better predict the cost of complying with the government’s regulatory framework for decreasing greenhouse gas emissions under the Regulatory Framework for Air Emissions. The company will unveil the Carbon Planning Model™ during a Web-based presentation tomorrow of its Canadian Carbon Market Study that examines the implications of the proposed Canadian GHG regulatory framework mandating greenhouse gas reductions.

“The greatest concern among capped emitters today is whether or not there will be sufficient supply of offsets in the Canadian market to meet projected demand,” said ICF Vice President Skip Willis. “The Carbon Planning Model enables a company to more accurately predict the cost of compliance and, therefore, assess risk to the company going forward.”

Canada is a geographically large country with transportation-related emissions, a cold climate with heating-related emissions, a growing population with accommodation-related emissions, and a resource based economy with exploration- and production-related emissions. This upward pressure on emissions has made target setting more challenging, but the Canadian government is committed to a 20 percent absolute reduction in emissions from a 2006 baseline by 2020. Domestic offsets will be among the most cost-effective compliance options for Canadian industry. The issue then becomes whether the system will have the liquidity necessary.

ICF’s proprietary CPM™ tool allows companies to analyze the fundamental supply and demand in the marketplace and thereby to quantify their potential compliance costs based upon user defined scenarios. Variables within CPM for manipulation by the user include:

  • Eligible offset project types
  • Volume of offset credits available for each eligible offset project type
  • Transaction costs
  • Comparative offset scenario overlay analysis

It will evaluate the impact of various offset credit availability scenarios relative to projected demand for 2015, 2020, and 2030, and project offset credit prices for each scenario.

Register here for tomorrow’s Web presentation.

 

 

About ICF International

ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF's Web site is www.icfi.com.

Caution Concerning Forward-looking Statements

This document may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995--that is, statements related to future--not past--events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "guidance," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "seek," "should," "will," "would," or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company's future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, the effects of acceleration of the Program, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company's contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission. These uncertainties may cause ICF's actual future results to be materially different than those expressed in the Company's forward-looking statements. ICF does not undertake to update its forward-looking statements.

For Immediate Release
Polly Shannon
1.703.934.3144

 
 
 

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