Sunday, December 20, 2009 1:50:44 PM
Companies in Europe expect tougher emission targets and are preparing to buy emissions permits on the European carbon market, said Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch. Pending U.S. legislation is more important than a global treaty, he said.
“People are going to focus on their regional domestic markets and the rules on emissions that evolve there,” he said in an interview on Dec. 18.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_ftXEhy5gIA&pos=4
GE is even getting into the carbon business:
GE Chief Executive Officer Jeffrey Immelt has pushed for a price for carbon and U.S. clean energy standards in order to increase sales of less-polluting equipment for nuclear power and coal-fired boilers. The company, whose equipment generates one- third of the world’s electricity, is considering expanding further into clean-energy industries.
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