11.12.2008 - Carbon trading market requires improved infrastructure to curb greenhouse gas emissions on a global scale
The development of a successful global carbon trading market that delivers real and cost-efficient greenhouse gas emission reductions will require an improved market infrastructure, according to a report issued today by The Bank of New York Mellon entitled, "Towards a Common Carbon Currency: Exploring the Prospects for Integrated Global Carbon Markets." The report -- prepared in conjunction with Point Carbon, a world-leading provider of market intelligence, forecasting and advisory services for the energy and environmental markets -- finds that for a global carbon trading market to allocate capital to the lowest cost carbon reduction projects worldwide it must be based on standardization, liquidity, transparency and predictability. .... Full Press Release: Source