European Bank for Reconstruction and Development

MCCF to help Spain fulfil its Kyoto Protocol commitments

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The Spanish government and the European Bank for Reconstruction and Development have signed an agreement under which Spain is contributing €25 million to the Green Carbon Fund. The Fund is part of the Multilateral Carbon Credit Fund (MCCF) sponsored by the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). The MCCF, launched in December 2006, consists of the Project Carbon Fund, and the Green Carbon Fund.

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