Noble signs India emissions deal
Noble Carbon Credits, part of global supply chain manager Noble Group, has signed a series of long-term certified emission reduction (CER) contracts with India¹s Gujarat Fluorochemicals (GFL).
The transaction represents a highly innovative deal structure, involving a mix of guaranteed delivery and offtake commitments, with fixed as well as flexible pricing, and advance and balance payments against delivery, with strong security measures built in, say the companies.
CERs are created from the Kyoto Protocol¹s Clean Development Mechanism (CDM), which involves developed countries implementing projects to reduce emissions in developing countries in Asia, South America and Africa.
GFL
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