The Emissions Market Development Group (EMDG) would meet
with about 30 industrial companies on November 16 during next weeks U.N.
climate change conference in the Hague, the three companies said in a
statement.
"What we are trying to do here is create a standard
unit for trade in greenhouse gases reduction," Natsource president Jack Cogen told Reuters.
"We want to put a real financial value on action taken
to reduce carbon emissions," he said.
This would give banks more confidence in lending to
industrial projects. "Carbon reductions credits could be used as
collateral," he said.
Cogen said the EMDG would also work on the creation of a
business-to-business trading platform for emissions certificates.
