Standard Bank and Camco pioneer EUR15 million carbon transaction

Standard Bank and carbon asset developer Camco have structured an innovative deal through which Camco will receive EUR15 million.

An auction for a tranched pool of certified emission reduction (CERs) took place in late August and was four times oversubscribed according to Camco. Standard Bank acted as the end-buyers' counterparty.

The transaction involved the rights to CER products from all of Camco's Clean Development Mechanism (CDM) projects being grouped together into a joint account. Rights to

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