WORLD DEVELOPMENT INDICATORS 2012
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Bank of America Merrill Lynch operates an active carbon market services business that provides risk management, market access and liquidity, and structured finance to a variety of corporate clients looking to offset carbon emissions or manage their carbon exposure. In 2008, we engineered a ground-breaking transaction to preserve a 750,000-hectare refuge in the Aceh province of Indonesia, an ecologically sensitive region recovering from the Indian Ocean tsunami of 2004. A partnership was formed with Carbon Conservation, an Australian company, to monetize carbon credits generated by a commitment to preserve the rainforest in perpetuity. The transaction will generate income...
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