Environmental Finance | News | PPR, Allianz, Nedbank to make ‘multi-million’ pledges to buy forest carbon
Five major companies have joined a campaign to boost corporate demand for offsets from projects that reduce deforestation and forest degradation (REDD) and are set to make “multi-million dollar pledges” to buy such carbon credits. Financial services provider Allianz, luxury brands giant PPR, Dutch utility Eneco, German renewable energy provider Entega and South African bank Nedbank have all pledged to buy credits from projects approved by the Code REDD campaign, said founders of the initiative. The campaign will be launched on 19 June, ahead of the Rio+20 UN conference on sustainable development, when a group of pioneering REDD+ project developers are joining the campaign.
Thursday, June 14, 2012
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