Thursday, 5 March 2015
Last updated 32 min ago
Feb 17 2009 | 12:05am ET
The United Nations’ emissions-trading market, the second largest in the world, expects a 50% increase in greenhouse-gas-reduction project registrations this year, increasing the supply of tradable credits.
A report published by the Clean Development Mechanism Executive Board, the program regulator, said applications are expected to jump to 1,000 from 666 in 2008. Proposals for issuances of certified emissions-reduction credits are expected to jump 55% to 800.
The budget for the UN market received a 30% boost in 2009 to $28.5 million. The market allows rich nations to invest in greenhouse-gas-cutting projects in poor nations. The UN Framework Convention on Climate Change, which oversees the market, will increase the number of employees dedicated to the caseload to 137 from 93.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…