Reported 11 months ago
Tom Montag, a former Wall Street executive, is leading efforts to promote carbon offsets in the market via ventures like Rubicon Carbon, aiming to help companies compensate for their carbon emissions. Despite setbacks like scandals and market uncertainties, Wall Street backers like JPMorgan, Bank of America, and Standard Chartered are pushing forward, supported by recent US government approvals of carbon credits. Proponents believe government support and clearer regulations will drive the growth of the carbon offset market, potentially reaching $1 trillion in three decades.
Source: YAHOO