The carbon market is bound to be led by the British capital. According to The Times, London has dealt with 60% of all carbon traded worldwide so far.

“International Financial Services London (IFSL), the ginger group for the City, said that Britain’s share of the market had developed to the point where it dwarfed that of Norway, France and Germany.

“London is the leading player,” said Duncan McKenzie, director of economics for IFSL. “It has first-mover advantage and a huge advantage going forward.”

…

Consultancy Point Carbon forecasts that the amount of carbon traded will soar by 50 per cent this year to 2.4 billion tonnes.”

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