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Sept. 27 (Bloomberg) — OAO Sberbank started Russia’s second carbon-credit tender for projects that plan to cut greenhouse gases under the United Nations’ Joint Implementation program.
Bids for as much as 30 million metric tons of carbon dioxide equivalent will be accepted from Oct. 4 to Oct. 21, the state-run lender said today on its website.
The bank, acting as Russia’s agent, plans to coordinate Russia’s first sales in October, Vsevolod Gavrilov, head of carbon projects at Moscow-based Sberbank, said Sept. 6 in St. Petersburg. Sberbank approved 15 carbon-reduction projects in July. The nation is seeking a minimum 10 euros ($13.48) a ton for each of the so-called Emission Reduction Units, he said.
–Editors: Torrey Clark, Rob Verdonck.
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