FinSoul: Fewer restrictions could see New York as carbon trading Mecca.

Dec. 21, 2009 - PRLog -- FinSoul believes that after a battle worn and weakened accord was signed by some of the globes largest CO2 emissions polluters, and with no immediate guidelines for a global carbon trading market in sight, U.S. President Barrack Obama is thought likely to use his nation’s commitment to lowering emissions as a way of forcing his cap-and-trade bill through the Senate.

Analysts at PricewaterhouseCooper, one of the globes leading accounting firms, have suggested that the U.S. acceptance of the Copenhagen Accord would see the growth in the carbon market accelerate, possibly tripling in size over the next decade.

The carbon trading market which has grown to over $107bn since its inception has centered around the EU Emission Trading System’s in London, which was launched in 2005 and has emerged as the leading centre for carbon trading and investing. This position may well be under threat.


"The big question now for the City is whether London will lose its leadership in carbon markets to the US, banks”, FinSoul understands a PricewaterhouseCooper spokesperson as saying, “ brokers and investors have been gearing up in New York and Chicago since the new administration took over. President Obama gave a clear message in his speech to the Conference in Copenhagen – America is going to take action on climate now. Lose this battle and we risk a financial sector brain drain from the carbon markets in London."


Because of its less strictly controlled stance on carbon trading the U.S. may also seem more attractive to investors.

Many business groups, including the Institutional Investors Group on Climate Change have had a negative reaction to the fact that only the U.S. has signaled its intention to penalize heavy carbon emitters through a trading system, FinSoul has learned.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.