Asia market round-up: More of the green stuff
Investment bankers have been described as masters of the universe before. Now, according to CLSA, they are getting the chance to prove it.
CLSA’s recently published research report, The emissions game: how markets can help save the planet, examines the fledgling market for carbon emissions trading, currently valued by CLSA at $10 billion globally.
That might seem small for now but the firm calculates the market could grow by 400% if the top 20 carbon-emitting countries all establish carbon-trading markets.
Investment bankers are already planning how best to capitalize on the bonanza. CLSA is touting its green credentials. Under its Clean and green programme, it says it already ensures that it remains carbon neutral on all staff flights by purchasing carbon offsets.