Gazprom and Dresdner Bank Form Carbon Trading Joint Venture
Gazprom and Dresdner Kleinwort are establishing a carbon trading joint venture, focusing on generating carbon credits. The initiative aims to attract investment in infrastructure and energy efficiency in Russia and Eastern Europe.
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Gazprom and Dresdner Kleinwort plan to launch a carbon trading joint venture focused on projects that generate carbon credits under the Kyoto Protocol. This initiative will primarily target investments in Russia and Eastern Europe, potentially enhancing infrastructure and energy efficiency in the region.
The involvement of Gazprombank, part of the Gazprom Group, along with Dresdner Kleinwort, owned by Allianz, indicates a strategic move into the carbon market. The venture may position itself as a significant player in carbon trading, influencing market dynamics.
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