Climate Exchange plc was founded by James Cameron, previously a negotiator of the Kyoto Treaty. Mr Cameron is quoted as saying about the development of this new market, “ It’s what we hoped for. Investment power is power, and you need power to make a change. There is huge vested interest in the status quo, and to shift that you need power ” . In Europe the market is expected to more than double from €9.4 billion (£6.3 billion) last year to €22 billion (£15.4 billion) this year, according to the analysts Point Carbon.
Climate Exchange plc was founded by James Cameron, previously a negotiator of the Kyoto Treaty. Mr Cameron is quoted as saying about the development of this new market, " It’s what we hoped for. Investment power is power, and you need power to make a change. There is huge vested interest in the status quo, and to shift that you need power " . In Europe the market is expected to more than double from €9.4 billion (£6.3 billion) last year to €22 billion (£15.4 billion) this year, according to the analysts Point Carbon.
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