World Bank Invests €68m in Post-Kyoto Credits
The projects, which have been approved under the UN's Clean Development Mechanism (CDM) offsetting scheme, range from landfill and composting projects to urban transport, energy efficiency and renewable energy initiatives.
"During a period of regulatory uncertainty, the UCFT2 is helping to maintain demand for post-2012 carbon credits," said Joëlle Chassard, manager of the World Bank's Carbon Finance Unit. "It means we have another tool to help bridge the gap in the carbon markets."
The first tranche of the UCF (UCFT1), capitalised to €775m and launched in 2006, purchased 129.3 million tons of CERs generated by two Chinese incinerators of greenhouse gas HFC-23.
360investgroup
