Carbon Futures News
By admin | May 16, 2008
carbon futures news- UPDATE 1-NYMEX to launch US Northeast carbon futures - Reuters
all 13 news articles - Global carbon market takes flight - Globe and Mail
- Kyoto carbon trade hits 1 million tonnes a day - Reuters
- Record oil drives other fuels to peaks - Reuters
- Planning can make events in our pleasant land even greener - Scotsman
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About World Bank Carbon Finance Unit
By admin | April 29, 2008
The World Bank Carbon Finance Unit (CFU) uses money contributed by governments and companies in OECD countries to purchase project-based greenhouse gas emission reductions in developing countries and countries with economies in transition. The emission reductions are purchased through one of the CFU’s carbon funds on behalf of the contributor, and within the framework of the Kyoto Protocol’s Clean Development Mechanism (CDM) or Joint Implementation (JI). Unlike other World Bank development products, the CFU does not lend or grant resources to projects, but rather contracts to purchase emission reductions similar to a commercial transaction, paying for them annually or periodically once they have been verified by a third party auditor. Read the rest of this entry »
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