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12 November 2010
CNBC: As Carbon Market Stumbles, Other Environmental Markets Succeed
Source:
www.cnbc.com
By: Trevor Curwin,
Though the future of a cap-and-trade-based carbon market now looks grim, there are other less-known environmental markets that are up and running—and attracting investor attention.
Markets like the wetlands mitigation credits—aimed at solving the damage caused to crucial wetlands by industrial and commercial activities—are worth billions and already well-established, says Michael Van Patten, CEO of environmental markets firm Mission Markets.
“As it stands, compared to the compliance carbon markets they’re microscopic,” says Van Patten, comparing the $3.5 billion wetlands credits market to the $20 billion carbon markets in Europe where polluters are required to offset their carbon footprint. “But compared to voluntary carbon (markets), they’re big.”
To read the entire article go to CNBC
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