Big banks gear up for US carbon trading
2 Jun 2009
While United States policymakers continue to squabble over a federal plan to cap greenhouse gas emissions and sell the rights to emit them, big banks are gearing up for what they see as a new profit centre.
"US carbon trading is coming," says Louis Redshaw, head of environmental markets at Barclays investment bank. "You have to be in it to win it."
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