NETHERLANDS CARBON FUND
November 1st, 2003
BY KEITH NUTHALLTHE NETHERLANDS has secured the help of the European Bank for Reconstruction and Development (EBRD) to reduce its greenhouse gas emission targets by investing in eastern European projects aimed at fighting global warming. The bank and the Dutch government are creating a carbon fund, which will draw on Euro 32 million of Netherlands' funds. By funding projects such as modernised district-heating systems, that cut emissions in central and eastern Europe, the Dutch will acquire carbon credits under the Kyoto Protocol system, allowing its own ...
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