Deutsche Bank AG and the Government of Ukraine sign Protocol of Intentions to cooperate in climate change issues
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) and the Ministry of Environmental Protection of Ukraine signed a Protocol of Intentions to cooperate in climate change issues.
Under the Protocol of Intentions, both parties have agreed to cooperate in the following areas:
- Carrying out of analysis of conditions and prospects for implementation of programs and projects in Ukraine aimed at reduction of greenhouse gas emissions;
- Creation of mechanisms of investment and control for consideration and implementation of investment projects;
- Determination of a list of investment projects;
- Determination of market for potential buyers of Assigned Amount Units (“AAUs”) pursuant to Article 17 of the Kyoto Protocol;
- Determination of mechanisms and financing volumes for sales of AAUs and investments structuring of the Transaction.
Deutsche Bank is an active participant in the carbon finance market. With this first signing of a respective Protocol of Intentions with a Government in Central and Eastern Europe, Deutsche Bank underscores the importance of the future carbon trading market and its interest in assisting Ukraine in achieving sustainable and environmentally sound economic growth.
For further information, please call:
Armin Niedermeier +49 69 910 33402
Press and Media Relations
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