The Bank of New York Mellon and Point Carbon have published a report on the future of the carbon trading market. The carbon trading market is emerging as one of the largest worldwide trading markets with an estimated $1 trillion market by 2020 in the United States alone. Source: EurekAlert!
The report published last week "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." Source: BNY Mellon
The problem with creating an effective carbon trading market lays partly in the definition of emissions reductions. Since this is a worldwide market, companies and financial institutions may find themselves with a different definition from each country that they work with.
The entire 28-page report is available on the BNY Mellon Website.
Photo by ba1969
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.