Ben has another article about the Climate Change Committee on The Register today.
There’s no doubt there’s money to be made from this new legislation, which was passed last week. A recent conference, given the title ‘Cashing in on Carbon’ was, in its own words, “aimed squarely at investment banks, investors and major compliance buyers and is focused on how they can profit today from an increasingly diverse range of carbon-related investment opportunities”.
The enthusiasm of investment banks for global warming is easily explained by understanding that the transformation to more expensive energy generation in the developed world and the related shift of industry to China and India are the two biggest investment opportunities in history.
http://homepage.ntlworld.com/sealed/gw/business.htm