(RTTNews) - Thursday, The Dow Chemical Co. (DOW: News ) and Gazprom Marketing and Trading Limited, a division of Russia-based gas producer Gazprom, revealed a memorandum of understanding to develop and implement greenhouse gas or GHG, reduction projects on a global basis.
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Aiming to reduce millions of tons of CO2 emissions,the two companies will work to identify global projects that qualify for Clean Development Mechanism or Joint Implementation status according to the United Nations Framework Convention on Climate Change requirements. The two entities would also collaborate on projects in the U.S. carbon market.
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