23.03.2011 - What was carbon finance ?
As a leading investment banker put it: “Carbon is getting more and more difficult. A significant amount of the business that is done in the carbon space should shift”, which when translated from finance talk to human language means that the loose “consensus” on creating a global carbon tax, without calling it a tax and trading around this new asset has likely cracked beyond repair. The smart money is now beating a retreat from playing with carbon finance assets, and remaining players in the carbon market are seeking any way out they can find, as turnover on emissions markets goes only one way – down..............................................Full Article: Source
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