Rabo Fin launches carbon credit suite

MUMBAI: Rabo India Finance (RIF), a subsidiary of Netherlands-based Rabobank International, has launched a product suite in carbon credits.

The suite will include ‘credit-wrap’ for projects that meet international standards. Other products launched include hedging and derivatives, spot purchases and arrangement. “RIF will act as the medium between the sellers and buyers of carbon credits. Mostly, there is high demand for credits in Europe and Japan.

But the buyers may not be confident of the sellers. Here, RIF will give assurance to the buyer for getting carbon credits in future,” said Jotdeep Singh, associate director and head (renewable energy and carbon credits).

Rajesh Srivastava, MD and head (corporate and commercial banking), said the effort is to ensure that the carbon credits space is able to develop to its full potential in India.