Carbon markets: Towards a standstill

Article by Pilita Clark

"As a general rule, when you meet Steven Gray he will tell you he works in London for Climate Change Capital - an investment firm that manages about $1.5bn worth of funds.

But when he enters the acronym-filled world of UN climate change talks, he says he is with a bingo. In UN speak, bingos are business and industry non-governmental organisations - in Mr Gray's case the Carbon Markets & Investors Association, a group representing investment banks such as JPMorgan Chase and Deutsche Bank, as well as rating agencies and other less well known companies servicing the carbon market..."

To read the full article visit the Financial Times website

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Carbon markets: Towards a standstill