BNP Paribas expands CER portfolio

BNP Paribas has entered into two new contracts to purchase certified emissions reductions (CERs) generated from Clean Development Mechanism projects in Mexico and India.

CERs are tradable global compliance instruments created, under the Kyoto Protocol, by projects in developing economies that reduce emissions. They can be used for compliance with Kyoto and as part of regional schemes such as the EU Emissions Trading Scheme (EU ETS).

The transactions add further diversity to BNP Paribas’ pre-existing portfolio of CERs from several different countries.

“This recent purchase of CERs further underpins our commitment to supporting global environmental markets and the

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