Under the proposed agreement BNP Paribas and Vnesheconombank will jointly identify projects eligible to the UNFCCC’s Joint Implementation and Clean Development Mechanism schemes, cooperate on assessing carbon-specific risks and revenues and arrange the financing of such projects.
Georges Chodron de Courcel, COO of BNP Paribas, said: This agreement reinforces BNP Paribas’ strategy and leading position in carbon finance. It will drive our two leading institutions to share their knowledge and expertise on this fast growing carbon market and we expect that numerous projects will emerge in 2008 and further on.
