OREANDA-NEWS. On April 24, 2007 Gazprom Marketing & Trading has closed its first deal on the Latin American CO2 trading market, reported the press-centre of Gazprom.
In pursuing the corporate strategy for broader involvement in the global greenhouse gases trading, Gazprom Marketing & Trading, which is part of Gazprom Group, entered with Brazil’s Propower into a 6-year Agreement to buy CO2 emission permits. Gazprom Marketing & Trading and Propower also decided to jointly invest in projects implemented in Brazil via the Kyoto Protocol’s Clean Development Mechanism fostering lower atmospheric emissions and more extra quotas.