Huadian in deal with Credit Suisse, Arreon

  • enable Huadian to reduce greenhouse gases to meet clean development mechanism.

BEIJING - Electricity generator China Huadian Group said it signed a carbon credit deal with Credit Suisse International and Arreon Carbon UK Ltd involving four projects under the clean development mechanism set up by the Kyoto Protocol.

Under the agreement, Credit Suisse and Arreon will buy carbon credits generated by Huadian's 300-MW wind farm in northern China's Inner Mongolia region, among others, it said.

No further details were provided.

Under the clean development mechanism, clean energy (NASDAQ:CLNE) projects in the developing world are permitted to sell credits to companies in developed countries, enabling the latter to meet their Kyoto commitments to reduce greenhouse gases.


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