Carbon credits
The Emissions Products team of ING Wholesale Banking focuses on projects that reduce greenhouse gas emissions under the rules of the United Nations’ Kyoto Protocol on climate change.
Based in Amsterdam and Shanghai, the team assists companies in identifying Joint Implementation (JI) or Clean Development Mechanism (CDM) projects to reduce emissions and generate emission reduction units, commonly referred to as ‘carbon credits’.
The team uses ING’s international network and client relationships to identify and develop the projects, and then acts as intermediary in the sale of the resulting carbon credits to governments or companies in schemes such as the EU Emissions Trading Scheme.
To date, the team has worked on projects in China, Russia and Ukraine in the following areas: wind farms, small hydro-power plants, waste-heat utilisation and energy efficiency projects.
Most of the projects are in China, where ING also has an agreement with the Chinese Ministry of Science and Technology and the China 21st Century Agenda Management Centre to assist in promoting awareness of the CDM by establishing technical centres and holding workshops in five provinces.
See for more information our brochure (PDF)