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Morocco sets up carbon trading fund

Posted on 11 December 2008

From Yourrenewablenews.com: Morocco’s state-run pension fund Caisee de Depot et de Gestion (CDG) has set up a carbon trading fund with capital of MD300m ($35m). CDG will hold 50 per cent of the capital of Fonds Capital Carbone Maroc (FCCM). The European Investment Bank will hold a 25 per stake.

Caisse de Depots et Consignations, which heads up sustainable development in the country, will also hold 25 per cent. FCCM will promote and participate in projects connected with implementing the clean development mechanism of the Kyoto Protocol on climate change, which was agreed in 1997….. Full Article: Source


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