2010/09/06

(BN) Sberbank to Coordinate First Carbon Credit Sales in October

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Sberbank to Coordinate First Carbon Credit Sales in October
2010-09-06 09:30:41.665 GMT


By Anastasia Ustinova
Sept. 6 (Bloomberg) -- OAO Sberbank plans to coordinate
Russia's first carbon credit sales under a United Nations
program to reduce emissions in October.
Sberbank, which approved 15 carbon-reduction projects in
July, will hold two more tenders this year to allocate more than
30 million tons of credits, Vsevolod Gavrilov, head of carbon
projects at Moscow-based Sberbank, said today St. Petersburg.


Link to Company News:{SBER RU <Equity> CN <GO>}

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To contact the reporter on this story:
Anastasia Ustinova in St. Petersburg at +7-812-611-0517 or
austinova@bloomberg.net

To contact the editor responsible for this story:
Torrey Clark at +7-495-771-7709 or
tclark8@bloomberg.net