8 July 2008
July 8, 2008-On June 12th, Natsource LLC announced a first close of the Natsource Carbon Asset Pool (NAT-CAP). This is a new greenhouse gas compliance product dedicated to European entities. Today, Natsource has announced the participation of Edison SPA, the largest privately owned Italian utility, joining NAT-CAP with a commitment of €20 million. Other key participants include Union Fenosa and Eneco. The recent join of Edison brings the fund to €66 million (approximately $US102 million). The
pool will purchase carbon credits that participants can use to comply with emissions targets. Importantly, NAT-CAP has been carefully structured to maximize the fund`s flexibility in sourcing ERUs and CERs, and provides the manager with the ability to takeadvantage of market opportunities as they arise.
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