CAF, Spain sign agreement for 9Mt worth of carbon credits
There is an article in today’s Business News Americas stating “CAF, Spain sign agreement for 9Mt worth of carbon credits“.
The Andean Development Corporation (CAF) has signed an agreement with Spain to buy 9 million tonnes of CO2 equivalents as carbon credits from Clean Development Mechanism (CDM) projects in Latin American and Caribbean countries, CAF said in a statement.
The agreement sets up the Ibero-American Carbon Initiative (IIC) to obtain the credits through public capital in addition to the 40Mt worth of credits contracted with the World Bank, the statement said.
-DS
