Trading market key is infrastructure, says report
12 Dec 2008
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.
The report finds that for a global carbon trading market to allocate capital to the lowest- cost carbon reduction projects worldwide it must be based on standardisation, liquidity, transparency and predictability.
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