Today, on October 16, the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the Bank Kreditanstalt fur Wiederaufbau (KfW) signed a Memorandum on Understanding and Cooperation in carbon quota trading.
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and KfW Board Director Ingrid Matthaus-Maier.
The Memorandum aims to promote cooperation in the joint development and implementation of projects to trade carbon quotas.
Under the Memorandum Vnesheconombank and KfW are determined to jointly examine and select projects as well as participate in carrying them out on the territory of the Russian Federation.
The Memorandum was signed to build upon the Kyoto Protocol and the United Nations Framework Convention on Climate Change.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
Vnesheconombank Chairman Vladimir Dmitriev participated in the 7th meeting of the Russian-German Forum “Petersburg Dialogue” in the city of Wiesbaden (Germany) on October 14-15.