Raising finance for companies eyeing renewable energy projects would no more be an onerous project as banks and consultants are working on innovative solutions to help these companies.
With UN climate summit at Copenhagen finally passed, now focus would be on reducing emission of greenhouses gases that are warming the atmosphere. The reduction in greenhouse gases means that more and more companies resort to Clean Development Mechanism (CDM) projects where by not only they could reduce carbon dioxide emissions but also earn through carbon credits.
Sensing this as a viable business proposition, consultants as well as banks are eager to flutter their wings and help companies soar by addressing their financing problems.
One such consultant, Gensol Consultants, that is into trade of helping companies earn carbon credits is planning to launch a $200 mn fund ‘Carbon Finance Fund’ by March 2010.
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