Carbon News - Intelligence for the carbon market

Ten years ago ...

Monday 4 Feb 19 10:00am

Lord Stern

Ten years ago, former World Bank chief economist Nicholas Stern was predicting that Britainís banks could do very nicely out of carbon trading.

Lord Stern, author of the 2006 report The Stern Review: The Economics of Climate Change which described climate change as the widest-ranging market failure ever seen, told the 2009 World Economic Forum in Davos that the shift to the green economy offered Britainís financial institutions a golden opportunity to make money.

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