Allianz Mulls Carbon Credit Expansion After Indonesia Investment
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Allianz SE, Europe’s largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its own emissions.
“Now it’s a question of whether to scale up,” Nicolai Tewes, a spokesman at Allianz in Munich, said today by phone. “We think it’s an investment opportunity” depending on the availability of projects and willing buyers, he said.