Improved Carbon Market Infrastructure

Here at Belgrave Trust, we strongly believe that an improved carbon market infrastructure is the surest path to driving the innovation needed to solve global climate change. It’s reassuring to see that others agree.

The development of a successful global carbon trading market that delivers real and cost-efficient greenhouse gas emission reductions will require an improved market infrastructure, according to a report issued today by The Bank of New York Mellon entitled, “Towards a Common Carbon Currency: Exploring the Prospects for Integrated Global Carbon Markets.”

While short-term impediments exist, the development of a truly global, market-based approach represents the most promising, standardized and transparent way to curb greenhouse emissions,” said Scott Posner, chief executive officer of Global Corporate Trust at The Bank of New York Mellon. “The financial industry must do its part by providing a reliable infrastructure that improves the performance of the market and builds the confidence of investors and politicians alike.

The full study is available here.

An active market will attract traders and investors, and that will attract entrepreneurs and inventors.