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New Bank to Handle Costa Rica Carbon Credit Trading

2013-10-24 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Costa Rican Times: Costa Rica has created a new financial institution to handle the expected trading of carbon credits among companies and public institutions that have joined the countrys aim to reach zero carbon emissions. The initiative, called BANCO2, will assist dealings with Costa Ricas compensation units, known as UCCs, as well as with U.N.-issued carbon offsets and some types of voluntary markets credits. The bank will be a tool to help the country meet its target to become carbon neutral, but could...

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