En+ Group’s first transaction of emission reduction units from a Joint Implementation Project

The En+ Group has completed a transaction to sell approximately 1 million emission reduction units (ERUs) that will be created by a Joint Implementation (JI) Project under Article 6 of the Kyoto Protocol. The ERUs will be created at the Bratsk aluminum smelter. The smelter is owned by UC Rusal.  The En+ Group holds a controlling stake in UC Rusal. The ERUs were purchased by buyers represented by affiliates of Natsource.  New Energy Finance, a leading independent analytical service, ranked Natsource as the world’s largest purchaser of carbon credits on a risk-adjusted basis through 2007. (more…)