Electricité de France (EdF) has announced the creation of a carbon fund to diversify its sourcing of CO2 emission allowances.
The objective of the fund is to support greenhouse gas reduction projects in emerging countries is Asia and South America within the framework of the Clean Development Mechanisms (CDMs) and involves EdF and all of its European affiliates.
With a buying capacity of almost €300 million, the fund instantly becomes one of the biggest players in the sector, the company says.
The fund will be managed by EDF Trading which is already managing more than 30 CDM projects worldwide.
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