..."Investment today could earn a 200 percent to 300 percent return over the next six years if politicians put into place the necessary legislation,'' said Guy Turner, director of London- based New Carbon Finance, which tracks emissions investment. The federal U.S. market will probably start after 2011 and could be valued at $50 billion by 2015, New Carbon Finance estimated today.
Goldman Sachs Group Inc., Barclays Plc and other firms are backing a $26 million development to reduce greenhouse gases from an SRF Ltd. factory in India that makes air-conditioning chemicals. The UN is awarding the project an estimated 311 million euros in permits over five years. Banks are buying them for less than 8 euros apiece, according to World Bank data, about a third of the price in Europe in June.