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As global carbon-trading market stumbles, investors think locally

Posted on 28 March 2011

With the two biggest economies blocking progress on emissions, global temperatures last year matched the record highs of 2005 while droughts and flooding wrecked harvests from Karachi to Rio de Janeiro. Today, the price of carbon languishes at less than half the level Deutsche Bank says is needed to meet the U.N.’s aims for controlling global warming.
Officials and investors say local initiatives such as Nuwal’s may offer the best chance of both slowing emissions and making money from the process…………………………………….Full Article: Source


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