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Merrill Lynch’s Carbon Finance Efforts Featured in Documentary Film
Film showcasing the firm's carbon finance activities premiered at the Tribeca Film Festival in New York City.
The Burning Season, a documentary exploring international efforts to reduce deforestation and address climate change, premiered at the Tribeca Film Festival in New York City on April 25.
The film includes significant coverage of a transaction by Merrill Lynch on the world's first commercially financed avoided deforestation project, a carbon financing deal for the Ulu Masen ecosystem in Aceh, Indonesia.
The Merrill Lynch transaction is showcased as a model solution to the problem of deforestation and demonstrates that change is possible through proper use of the carbon markets.
The project will provide financing to benefit Ulu Masen, an area of important biodiversity and habitat to several endangered species, including Sumatran rhinoceroses, tigers, orangutans, elephants and clouded leopards.
More information on the specifics of the transaction, which was completed last year by Merrill Lynch’s Carbon Markets Group, is available in the press release announcing the deal .
With questions about Bank of America Merrill Lynch's distribution of carbon credits to clients in its investment banking, commodities and wealth management businesses please send an e-mail to: carbon@ml.com.