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Carbon Finance Comes Of Age
Oleh:
Gunther, Marc
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 157 no. 8 (Apr. 2008)
,
page 56.
Topik:
Carbon
;
Trade Market
;
Emission
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.36
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
If all goes according to plan, the business of buying with carbon dioxide and other greenhouse gases-carbon trading, as it is known-will curb global warming and save the world. That is its only purpose. A long the way, a lot of people will get rich. Last year traders bought and sold out about $60 billion worth of emissions allowances, mostly in Europe and Japan, where governments regulate greenhouse gases. If, as expected, regulation comes to the U.S., this country's carbon-trading market is expected to be worth $1 trillion annualy by 2020. That why investment banks, utilities, industrials, and hedge funds-among them GE, Goldman Sachs, J.P. Morgan Chase, and AES-are rushing into the business of carbon finance. To succeed they will have to master what is surely the most bizzare, complicated, and controversial new industry of the 21st century. We'll try to break it down, begining with acouple of things any Fortune reader can understand: a pile of pig manure and private jet.
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