The Arab investment fund Equity International acquired RUSAL's carbon units, issued in the Russian carbon unit registry. Gazprombank organised the transaction, which marks the first carbon unit deal within the BRICS framework. It was announced during the BRICS Business Forum, held on October 17-18 in Moscow and focused on strengthening international cooperation for sustainable economic development and global trade.
The deal was conducted to offset the carbon footprint of one of Equity International's assets. The Fund specialises in supporting research institutions and medical, cultural, and art projects and advises companies in the Middle East and the Gulf on strategic climate and sustainability issues.
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