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Follow on Google News | CIG: JPMorgan is a carbon credit trader, and its old news!The global investment bank that has seen the huge potential of this new sector.
By: CIG LLC The industry is convoluted, controversial but primarily very profitable, CIG research has proved. The long term plan sees, JPMorgan expanding its support for stoves from Uganda into Kenya, Ghana, Cambodia and on. Each stove is expected to reduce carbon dioxide emissions between 2 to 3 tons a year, with each ton generating conservatively a credit worth $10 or $15 a year, but with the current flurry of environmental activity ahead of the UN climate talks in Copenhagen in December, CIG believes the bank stands to make runaway profits, unthought-of of at the outset. And JPMorgan isn't the only large global investment bank involved in carbon credit trading, Barclay's, Citigroup, Goldman Sachs, and Merrill Lynch have all rapidly moved into carbon finance. According to a carbon consulting firm known to CIG, the global carbon markets generated $59 billion in revenues in the first half of 2008 - almost as much as the markets did in all of 2007, Cig research shows that even with the global economic recession, growth for 2009 is staggering, which leaves the next year, after the Decembers climate talks, looking very lucrative indeed! # # # CIG is an exclusive, members only, off shore, private equity, investment firm, that provides consulting services to like minded members of the private equity and alternative investment community. End
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