In July this year, a group of asset managers with $6 trillion in assets under management called for a global price on carbon emissions. Even earlier, last December, another asset manager group launched the Net Zero Asset Managers initiative, committing to achieving net-zero status. To date, signatories to the initiative control some $43 trillion in assets. And now commodity traders are turning to carbon trading. With so much focus being put on reducing carbon emissions by governments, regulators, activist investors, and environmentalist groups with growing clout, it was only a matter of time before emissions became business. The European Union Emissions Trading System, ETS, came first. Now, China also has its own carbon emissions market. Other countries, such as Australia, are employing different approaches to trading carbon emissions that basically turn carbon dioxide into a commodity. The opportunities for profit are considerable. According to the OECD, carbon emissions, currently […]