the visible hand

it is the theory which decides what can be observed – einstein

Carbon Trading Is the New Big Thing

Posted by ecoshift on July 24, 2007

In London, Carbon Trading Is the New Big Thing
Mergers, Acquisitions, Venture Capital, Hedge Funds — DealBook – New York Times
July 6, 2007, 8:04 am

Seeking to match a desire to make money with his environmental instincts, Louis Redshaw, a former electricity trader, met with five investment banks in 2004 to propose the trading of carbon dioxide. Only one, Barclays Capital, was interested.

Three years later, the situation has turned, and carbon specialists like Mr. Redshaw are among the rising stars in the London financial district.

Managing emissions has become one of the fastest-growing specialties in financial services, and companies are scrambling to find workers, The New York Times’ James Kanter writes. Their goal is a slice of a market now worth about $30 billion and that could grow to $1 trillion within a decade.

“Carbon will be the world’s biggest commodity market, and it could become the world’s biggest market over all,” said Mr. Redshaw, the head of environmental markets at Barclays Capital.

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