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The Inter-American Development Bank wants to give the Americas greater access to carbon markets and they’re now one step closer to doing so with their new $50 million dollar MicroCarbon Development Fund, a vehicle to invest in residential and municipal energy efficiency programs across central and South America.
The Fund will invest in 6-10 multi-million dollar projects that earn carbon credits under the Clean Development Mechanism (CDM) of the United Nations’ Kyoto Protocol and other carbon standards.
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