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Carbon Markets Need Global Regulator to Spur Climate Funding

2013-09-30 10:07:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: United Nations envoys meeting in November should appoint a regulator to link carbon markets emerging from China to California and stimulate investment in emission-reduction projects, according to a carbon lobby group. A global overseer would coordinate markets and boost private-sector confidence in efforts to cut greenhouse gas, said Anthony Hobley, president of the Climate Markets & Investment Association, whose members include JPMorgan Chase & Co. and Cargill Inc. More than 50 jurisdictions...

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