The Dutch division of Fortis Bank placed today an expression of interest (EOI) for purchase of carbon credits from the BM&F Carbon Facility. The Bank is the fourth institution to use BM&F’s carbon trading system to register an EOI. Fortis Bank’s scope of interest comprises energy, civil construction, steel, chemicals, transportation and the manufacture industry. According to information available on its website (www.fortis.com), Fortis Bank is currently one of the twenty largest financial institutions in Europe.
The BM&F Carbon Facility is a significant step taken by the Brazilian Mercantile & Futures Exchange towards the creation of a world-class carbon trading market in Brazil within the Clean Development Mechanism (CDM). It acts as a sort of showcase where buyers and sellers of carbon credits can register their projects or EOIs free of charge. The BM&F Carbon Facility can be accessed at: http://www.bmf.com.br/portal/pages/MBRE/banco_projetos.asp
The Brazilian Mercantile & Futures Exchange is currently developing a carbon trading platform involving multiple projects. The new trading platform is expected to be launched in 2007, but no date has yet been set.
