Evolution brokers CDM trade

US brokerage Evolution Markets has arranged one of the first trades of carbon reduction credits under the Kyoto Protocol's clean development mechanism (CDM) to be indexed to the price of European Union emission allowances. RNK Capital LLC (RNK), a New York-based investment firm specialising in environmental markets, administered the sale of certified emission reductions (CERs) for an RNK affiliate. The European Carbon Fund (ECF), one of the largest global funds devoted to the greenhouse gas