Sometimes the most important news gets the least attention. Yesterday, to little fanfare, IHSMarkit, a financial data company, announced it would introduce a global registry for carbon credits using distributed ledger technology. It would link various registries around the world and provide a single data set for all projects and credits. Why is this so […]
We’ve written about the carbon market over the years. We’ve asked, for example, whether blockchain technology could boost its growth. We’ve highlighted the success of California’s cap-and-trade system, and we’ve suggested that the carbon market shares a lot of similarities with another asset class that grew from humble beginnings – emerging-market debt. Today, the carbon […]
Democratic victories in last week’s elections have given new life to efforts to combat climate change through cap-and-trade systems. Advances in distributed ledger technology could kick them into high gear.
It’s the time of year to reflect on life, business – and our best and worst posts. Your diligent scribe here at the Risk Matters blog had a few observations that proved prescient. Oh yes, there were some clunkers, too.
Although largely overlooked by the media, California recently launched its ambitious carbon-trading program, holding a successful auction of carbon permits that raised nearly $300 million. Of course, had the auction failed it likely would have made the front pages, but its little-noticed triumph shouldn’t obscure its significance as a major step forward for the carbon […]
Three recent deals involving investment banks suggest a reshaping of the industry is underway, but beyond the perfunctory coverage of their press releases the deals haven’t drawn much attention. But each says something significant about where the industry has been – and where it might be headed.
It’s easy to dismiss the carbon market as a passing fad or an artifact of a more optimistic, pre-recession world. Yet carbon trading continues to grow, following a trail blazed by another asset class that once seemed obscure and risky but is now a cornerstone of the investing world: emerging market bonds.
I participated in a conference this week on the outlook for the carbon market. Yes, there really is a carbon market, and it has made big strides this year, though you wouldn’t have known it from the press. Most of the media – and our elected officials – ignore the issue. They’re blinded by outdated […]
Here’s a brief update to my post on climate risk: Today’s New York Times reports on the disappearance of climate change from the US policy agenda. Abandoned by President Obama and scorned by Republicans, climate-change policy is dormant in the US, even while other nations take patient steps to control carbon emissions. The Times piece […]
Climate change has all but disappeared from the headlines, aside from serving as a popular punching bag for Republican presidential candidates. But while politicians are busy denying the problem, businesses are taking action. There’s ample evidence that corporations recognize the risk of climate change and are factoring it into their investment planning. According to media […]