Create a free Manufacturing.net account to continue

Money-spinning China carbon scheme may end with loss

LONDON (Reuters) - Investors in a World Bank-backed carbon offset project in China may make a small loss in 2013, after a European Union ban, but could still net more than $800 million over the...

LONDON (Reuters) - Investors in a World Bank-backed carbon offset project in China may make a small loss in 2013, after a European Union ban, but could still net more than $800 million over the seven-year life of the project.

The project was launched in the mid-2000s in the heyday of emissions trading, which has in recent years suffered scandals including fraud and cyber theft, while carbon prices have slumped lately on gloomy world economic prospects.

SOURCE

More