Credit Suisse to offer largest structured CO2 deal
 

Credit Suisse will offer a structured carbon emissions deal next month worth about $200 million, the Swiss bank's head of carbon trading told a conference on Wednesday. The transaction involves 11.5 million tonnes of U.N.-approved carbon dioxide offsets, called certified emission reductions (CERs), generated from 25 emissions-cutting projects in China, India and Brazil. As far as I know, this is the largest structured carbon transaction ever done from a volume perspective,' Paul Ezekiel told the conference, which was hosted by International Financing Review, a subsidiary of Thomson Reuters.

Bidding on the deal will begin November 6, Ezekiel added.  Under the Kyoto Protocol's Clean Development Mechanism, companies from rich nations can invest in emissions-cutting projects in developing countries, and in return receive CERs which can be used towards their own emissions reduction goals or sold for profit.