Thursday, September 6, 2012

Big banks weigh risks, rewards of California's new CO2 market

Reuters: Major banks are weighing whether to wade into the California carbon market, which experts believe could grow into a $40 billion a year market by 2020, but one that is also loaded with risk and uncertainty. Following last week's successful test of the state's auction platform, the reality is starting to settle in: California carbon trading has overcome legal and political challenges to position itself a mere 10 weeks away from its first official CO2 permit sale. The carbon market's success or...

URL: http://www.reuters.com/article/2012/09/07/us-california-carbon-idUSBRE88600S20120907?feedType=RSS&feedName=environmentNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2Fenvironment+%28News+%2F+US+%2F+Environment%29

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