Cancun Deal Lures Investors to CO2 Credits, First Climate Says
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First Climate AG, a manager of emission reduction projects producing tradable credits, said this month’s climate summit in Cancun, Mexico, may spur interest in a new carbon fund.
Envoys at United Nations climate talks in Cancun agreed on Dec. 11 to a package aimed at limiting global warming by protecting forests, advising nations on coping with climate change and opening a $100 billion fund to assist poorer nation.