13 December 2014
LIMA, Dec 13 (Reuters) - Some private investment companies are looking to profit from preserving forests in developing countries, betting that the emissions reductions can be sold in future carbon markets.
London-based Permian Global said on the sidelines of U.N. climate talks in Peru this week that it will invest $100 million in projects to avoid deforestation in Latin American countries.
Permian and other investment companies, such as Hong Kong-based InfiniteEARTH and Brazil's Biofilica, are hoping that a new U.N. climate change deal, due to be agreed in a year's time, will let forest-based offsets be used in compliance markets and traded internationally.
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