Carbon Credit Fund Established for Eastern Europe

London, UK, and New York [] The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have launched their Multilateral Carbon Credit Fund (MCCF), a carbon fund dedicated to helping countries across Central Europe and Central Asia reduce greenhouse gas emissions under Kyoto Protocol. Under the MCCF, projects will span industrial energy efficiency, power plant and district heating renovation, renewable energy (such as bio-mass, wind and mini-hydro), and landfill gas extraction. Fund participants include Belgium (on behalf of Flanders), Finland, Ireland, Luxemburg, Spain, and Sweden; Brown Rudnick assisted in the creation of the MCCF.
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