NEW YORK CITY - E+Co has announced that The Goldman Sachs Group has agreed to purchase the majority of its carbon offset portfolio.
Through the multi-year alliance, Goldman Sachs will help promote E+Co's goal of providing investment capital and support services to small, clean energy business ventures in developing countries.
Small-scale clean energy projects, while supporting important social and environmental benefits, can struggle to attract sufficient funding to assure success. The financial backing and business development services provided by E+Co assists small businesses in Africa, Asia and Latin America to supply clean and affordable energy to those regions, efforts that simultaneously increase employment opportunities and reduce greenhouse gas (GHG) emissions.
E+Co also assists clean energy businesses with the aggregation, validation, verification and creation of high quality GHG offsets including those that will be sold to Goldman Sachs. The carbon financing related to the off-take of the GHG reductions provides the enterprises with additional capital that supports, sustains and helps grow the clean energy ventures.
E+Co's projects are located in 28 developing countries and meet various carbon standards including the Gold Standard and the Clean Development Mechanism.
Goldman Sachs
www.goldmansachs.com
E+Co
www.eandco.net
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