Credit Suisse, AIL Structured Finance and South Pole Carbon Asset Management have entered into an agreement to launch a new carbon investment vehicle, which intends to provide equity and mezzanine capital to gold standard certified and other high quality emission reduction projects.
The underlying assets will be energy efficiency and renewable energy infrastructure projects, which will generate carbon credits under the Kyoto Protocol. The majority of the fund will be invested in gold standard certified projects.
The new investment product is expected to be launched in the first quarter of 2008.
Yves Robert-Charrue, head of single manager alternative investment business at Credit Suisse, said: We are very excited about this partnership with AIL and South Pole which will allow us to offer our clients a unique and attractive investment opportunity in the fast growing carbon market, generating enhanced returns from green infrastructure projects.