Deutsche Bank and Ecuador pioneering carbon transaction
In 2010, Deutsche Bank and the Government of Ecuador entered into a pioneering transaction that used the carbon market to finance the distribution of 6 million energy-efficient light bulbs to poor households.
The venture was set up as a project under the Clean Development Mechanism (CDM), a United Nations-endorsed process designed to help countries introduce emissions reduction schemes. As a CDM project, it is the first of its kind in Ecuador and is expected to generate approximately 440,000
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