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Home > Natsource News > Natsource and EN+ Group Announce First Transaction of ERUs from a JI Project
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Natsource and EN+ Group Announce First Transaction of ERUs from a JI Project

9 July 2009 — The En+ Group announced it 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 LLC. 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.

"We are pleased to have been part of this transaction," said Jack Cogen, Chief Executive Officer of Natsource LLC. "It shows that the Joint Implementation mechanism can help to mobilize capital to fight climate change. Natsource will continue to participate in beneficial transactions in Central and Eastern Europe."

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