Big players flood Europe's cap-and-trade-emissions market
12 May 2008
The success of Europe's thriving market in trading carbon emission credits highlights a major area of innovation there -- and a rare instance where making money and helping the planet go hand in hand.
This is no feel-good charity scheme. Enticed by the possibility of high returns from the European Union's Emission Trading Scheme, financial institutions, including Barclays (BCS) and Morgan Stanley (MS), have flooded into the Continent's cap-and-trade carbon dioxide market since its creation in 2005.
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