Gazprom Marketing & Trading and ecolutions collaborate on CDM
Gazprom Marketing & Trading (GM&T), a subsidiary of Russian gas company Gazprom, has partnered with renewable energy firm ecolutions to develop emissions-reduction projects in China.
The two entities are targeting the market for Clean Development Mechanism (CDM) projects, under the Kyoto Protocol.
Under the co-operation agreement, ecolutions will develop CDM projects through equity investment or carbon credit off-take, while GM&T will provide route-to-market for the certified emissions reductions generated by the projects.
Vitaly Vasiliev, chief executive officer of Gazprom Marketing & Trading, says the co-operation agreement will add to the firm's existing work in the
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