EU Finance Institutions Start Post-2012 Carbon Credit Fund

    Five European Union (EU) public finance institutions have come together to create a €125 million ($181 million) carbon credit fund. The fund will be used to purchase and trade carbon credits generated for the post-Kyoto period which begins in 2012, and potentially will run until 2022. The fund will acquire the post 2012 carbon credit streams of projects already approved - and yet to be approved - by the United Nations Framework Convention on Climate Change’s (UNFCCC) Clean Development (CDM) or Joint Implementation (JI) mechanisms.  ...

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