Canadenis Acquisition and Tamarisk Acquisition Corporation will purchase a combined figure of approximately 23million certified emissions reductions (CERs), to be delivered from the World Bank’s Umbrella Carbon Facility (UCF). The purchase represents 24.5% of CERs made available to the private sector.

CERs are created by Clean Development Mechanism projects, which reduce GHG emissions and create sustainable development benefits for the countries hosting them. Buyers of CERs can use them to