Swiss Re’s Conning to manage post 2012 fund
Conning Asset Management Limited, a fully-owned subsidiary of Swiss Re, has been appointed to manage a pioneering EUR 125 million post-2012 Carbon Credit 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.
EIB
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