Rhodia Credits Show CO2 Trade Can Help Brazil, World Bank Says

Rhodia SA’s sale of 6 million carbon credits to the World Bank’s Spanish Carbon Fund shows that emissions trading can help emerging nations cut pollution and potentially aid in their economic development, the lender said.

The credits for delivery through 2013 are generated under the United Nations’ Clean Development Mechanism from a Rhodia plant that produces adipic acid in Paulinia, Brazil, the French chemical maker said Feb. 28. The fund chose to accept credits from adipic acid, for an undisclosed price, because the Paulinia project “helps our work beyond carbon finance,” the Washington-based bank said in an e-mailed response to questions.