Standard Bank Group has been recognised by Environmental Finance as the Best Global Origination Firm of Kyoto Projects for the second year in succession.
Environmental Finance (www.environmental-finance.com) is an online news and analysis service that reports on sustainable investment, green finance and environmental markets. Its annual rankings survey is the largest and one of the most closely watched surveys of the world's environmental markets.
Standard Bank Group was recognized for its proven capabilities in the clean development mechanism (CDM) market. CDM is one way of supporting sustainable development projects that reduce emissions that affect climate and the environment. Under the Kyoto Protocol, limits are set on the emissions of greenhouse gases. These limits are divided into units that may be traded between countries. In this way, less developed countries may acquire units they need to allow for specific projects to be completed.
Geoff Sinclair, Head of Carbon Trading at Standard Bank Group, says "We're pleased to be recognised once again for our origination capabilities in this area of the market. The CDM market has been a challenging environment over recent years, to which there is no quick fix. Interestingly, we are seeing a clear trend away from the international CDM market to national and regional markets.
"Standard Bank is committed to leadership in sustainability and our carbon finance team has made a great contribution to cleaner origination in many emerging markets countries.
"Votes in the Environmental Finance annual survey are cast by market participants across the environmental finance industry, including brokers, trading companies, banks, law firms, consultants and project developers in the carbon, renewable energy, weather and catastrophe risk markets.
For more on Standard Bank Group's capabilities in carbon finance and trading, see www.standardbank.com/cib .
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