Banks are at the heart of the carbon business, originating and funding emission reduction projects, trading allowances and offsets, and creating structured products. But just as many projects become more capital intensive, will financial meltdown and recession put the brakes on the business? When Goldman Sachs entered the carbon emission reduction sector, via a 10% stake in Blue Source in October and the acquisition of the majority of E+Co's carbon offset portfolio in November, it signalled a rare thing: Goldman arriving a little late to a market. It may be tardy, but Goldman has spotted how much opportunity there is in the carbon emissions value chain.
展开▼
