Hopes for carbon hub in jeopardy
The Australian – Full story here. Note who is protesting at the slow delivery of an ETS….
AUSTRALIA’S ambitions to establish itself as an Asian carbon trading hub risk being dashed because of delays in the emissions trading scheme….
This was the assessment of bankers, lawyers and investors yesterday at the second Carbon Markets Expo on the Gold Coast. The expo has experienced a sharp decline in delegates this year, with numbers down from 1200 in its inaugural year to 750…
“As much as people talk about Australia creating a new carbon finance hub, I don’t think it will happen,” said Optim Legal’s Cameron Kelly, a lawyer specialising in carbon markets and credits. “If the CPRS does not get up, we’ll miss the boat.”
So a lawyer is afraid we’ll miss the boat. Which boat? That would be the boat-full of money from Australian workers that’s headed for major international banks, right?
(Isn’t that the kind of boat we would want to catch, but with a tactical nuclear sub and an armed SWAT team?)
Leading international investment banks such as JP Morgan, Merrill Lynch and Nomura, and other investors in the global carbon [...]