Swiss Re’s Conning to manage post 2012 fund

The fund is currently investing in carbon credits produced by so-called ‘post Kyoto’ projects. With the market for carbon credits beyond 2012 after the expiration of Kyoto undefined, the funding process for projects with long development lead times has become increasingly difficult.

In response, five leading European public financing institutions, led by the European Investment Bank (EIB), launched the fund in to purchase the carbon credits that will be produced by these long-term projects.