Green has always been the favourite colour of bankers, so it is hardly surprising that the incorporation of environmental externalities into the framework of financial markets has helped to make the environment a preferred area of interest for bankers today.
Bankers active in the red-hot green markets such as carbon trading, emission credits and renewable energy are unashamedly talking about their enthusiasm for these essentially environmental efforts in terms of “arbitrage opportunities” and “PR value” but the amoral nature of their motivations is unimportant.
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