Monday, June 4, 2007

Investment Banks Flock to Booming Carbon Trade

"Investment banks also want to cash in on demand from funds for research on how to make climate-friendly investments."

"It is hard to estimate the true impact we're all going to experience over the next 20, 30, 40, 50 years but quite possibly this will be the investment theme of all investment themes and will impact every aspect of our lives and our economic behaviour," said Alan Brown, group chief investment officer at Schroders plc.

From Reuters Hat Tip: Planet Ark