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Post 2012 Carbon Credit Fund reaches a new milestone in international climate protection
The Fund’s investment mandate is confirmed as the Fund enters into contracts to buy emission reduction certificates issued after the end of the first commitment period of the Kyoto Protocol..
The EUR 125 million Post 2012 Carbon Credit Fund today announced the purchase of certificates for reduction in post-2012 greenhouse gas emissions from a Chinese wind farm and a Mexican waste-to-energy project. The Fund was established by five leading European public financing institutions – the European Investment Bank (EIB), Caisse des Dépôts, Instituto de Crédito Oficial, KfW Bankengruppe (KfW) and the Nordic Investment Bank – and is managed by Conning Asset Management Limited as investment manager and First Climate as investment advisor.
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