World Bank introduces carbon credit trading guarantee

31 Mar 2008 | Author: Jeanette Wiemers, newsbriefs editor | Print version | Send to a friend

Agreements let firms in developing countries enter carbon market

Two fertilizer producers, South Africa’s Omnia Holdings Ltd. and Rain CII Carbon of India, were the first two companies to sign agreements with the World Bank’s International Finance Corporation, the bank’s private-sector lender that is now offering a carbon credit trading guarantee. According to the IFC, the agreements will help bring carbon credits from companies in developing countries to buyers in more developed markets like Japan and Europe by guaranteeing the companies’ ability to deliver the credits.

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