News

EBRD Publishes Green Investment Scheme Manual and Model Agreement

European Bank for Reconstruction and Development

March 2009: The European Bank for Reconstruction and Development (EBRD), with financing from the Government of the Netherlands, has published a Green Investment Scheme (GIS) Manual and Model Agreement.

A GIS transaction is a sale and purchase of Assigned Amount Units (AAUs), whereby the AAUs are transferred in accordance with Article 17 of the Kyoto Protocol and the proceeds from such trade are used to mitigate greenhouse gas emissions or support other activities beneficial to the environment. [EBRD Climate Website] [GIS Model Agreement] [GIA Manual]