Banks back Carney's new carbon trading push

Nazareth, Annette (Davis Polk) from Wiki public domain 575x375
By Jon Hay
14 Sep 2020

Voluntary efforts could bring about a global market in trading carbon offsets, even before there is a statutory basis for this, according to the leader of a new taskforce launched by Mark Carney, former governor of the Bank of England.

“We have founded this taskforce with the goal of coming up with a well-functioning, voluntary carbon market that will achieve the goal of limiting temperature changes to 1.5C, with net emissions needed to be halved by 2030 and go to net zero by 2050,” said Annette Nazareth (pictured), ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial