Carbon Futures News
By admin | May 16, 2008
carbon futures news- Crude price rise boosts carbon credit futures - Economic Times
- Saudi oil minister: Oil remains essential for future energy needs - Xinhua
all 309 news articles - Rate This Article - Financial Express
all 2 news articles - Wood Futures speakers signed - Timber Trades Journal (subscription)
- Uncertain future looms for corn-based ethanol - Northern Colorado Business Report
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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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