Within the framework of the Clean Development Mechanism (CDM) of the Kyoto Protocol, a consortium consisting of ORBEO, Fonds Capital Carbone Maroc (FCCM) and the Post 2012 Carbon Credit Fund (P12, advised by First Climate), have announced the signature with the Moroccan utility Office National de l’Electricité (ONE) of a 2 million tonnes CO2e Emission Reduction Purchase Agreement active until 2018.