The headlines marking the end of the COP26 global climate summit were mostly gloomy, much like the weather in Glasgow. Reports focused on unenforceable pledges by countries to cut carbon levels and tepid increases in funding for poor countries most affected by climate change. But there were significant accomplishments last week in Glasgow and beyond. […]
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 […]
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 They’re blinded by outdated […]