GS to market GHG emission reductions through Blue Source
Goldman Sachs has bought an equity stake in Blue Source, the US-based climate change offset portfolio, in a strategic alliance to market greenhouse gas (GHG) emission reductions in US.
Goldman Sachs plans to off-take, structure and market verified emission reductions (VERs) from GHG reduction projects in Blue Source's portfolio.
Blue Source's portfolio will allow Goldman Sachs to manage GHG-related risks in both the voluntary and pre-compliance carbon markets, according to the companies.
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