New York Times
“Carbon Trading is one of the fastest growing specialities in Financial Services.”
Louis Redshaw, Barclays Capital
“Carbon will be the world’s biggest commodity market & it could become the world’s biggest market overall.”
Barclays PLC
“United Nations Carbon Credit prices may rise as much as 42% by 2012.”
CFCT Commissioner
“Carbon trading may dwarf that of crude oil within 5 years, worth 2 trillion.”
Mario Molina
“Things are changing and there’s no doubt that it’s as a result of human activities. Long before we run out of oil, we will run out of atmosphere…
….The increasing intensity of hurricanes was among the most worrisome changes that scientists have linked to the rapid global warming trend over the past thirty years”.
More recently, he has stated that there could be almost irreversible consequences if the earthwarmed a further 2.5 degrees and this change would make unmanageable changes to the Earth’s environment and our lives.
President Barack Obama
“There is no better potential driver that pervades all aspects of our economy than a new energy economy… That’s going to my no.1 priority when I get into office.”
Fortune
“JPMorgan isn’t alone. All the big global investment banks including Barclay’s, Citigroup, Goldman Sachs and Merrill Lynchare hurrying into carbon finance.”
Chris Leeds, Merrill Lynch, London
“Carbon could become one of the fastest growing markets ever, with volumes comparable to credit derivatives inside of a decade.”
