November 01, 2007	Thursday	Shawwal 19, 1428

LONDON, Oct 31: South Africa has set up a carbon finance arm in London to follow the lead of countries like China, India and Brazil in the potentially lucrative global carbon market. The state-owned Central Energy Fund will encourage investment in South African projects to cut emissions of greenhouse gases blamed for global warming.

“It’s an integrated carbon offering, so we will look at identifying projects, developing carbon projects,” said Deven Pillay, head of CEF Carbon Markets.—Reuters