A consortium including Orbeo, a major trader in the EU's carbon market, and the Post 2012 Carbon Fund, which manages funds provided by five European banks, said Monday it had agreed to buy 2 million UN-backed carbon credits up until 2018.
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"This transaction is a flagship investment for the Post 2012 Carbon Credit Fund, whose mission is to help bridge the period of uncertainty until a successor regime to the Kyoto protocol comes into place", said Urs Brodmann of Switzerland-based First Climate, which advised on the deal.
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First Climate in Point Carbon: Consortium agrees large Post-2012 CDM deal
Carbon trader Orbeo and European banks signed one of the biggest deals yet for post-2012 credits.
London, October 25, 2010
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Point_Carbon_101025.pdf
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