"Wall Street's Carbon Offset Profits: Controversial Solution or False Promise?"
TL;DR
Wall Street and City of London banks, including Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays, are positioning themselves to profit from the carbon offset market, which is gaining momentum after the COP28 climate summit. These banks are looking to finance carbon sequestration projects, trade credits, advise corporate clients on buying offsets, and support local projects in emerging markets that lack financial resources.
- Wall Street Banks Look to Carbon Offsets for New Profits Bloomberg
- Controversial, flawed method enters UN carbon market draft text at COP28 Down To Earth Magazine
- Wall Street Gets Ready to Cash In on $1 Trillion Climate Market Yahoo Finance
- The flawed carbon credit trade needs fixing Financial Times
- Cop28: Are carbon markets the answer, or just another 'false solution'? Irish Independent
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