Monday, July 9, 2007

In London’s Financial World, Carbon Trading Is the New Big Thing

In case you missed it, the Times had this story last week:

...Managing emissions has become one of the fastest-growing specialties in financial services, and companies are scrambling to find workers. 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.

Does this sound familiar?:...His team of five traders sits next to power and natural gas teams...

From the New York Times