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JPMorgan's EcoSecurities Says UN Carbon Market Needs Fixing
2010-10-19 15:49:03.156 GMT
By Mathew Carr
Oct. 19 (Bloomberg) -- EcoSecurities, the developer of
emission-reduction projects owned by JPMorgan Chase & Co., said
the United Nations emissions market needs fixing to sustain
investor interest.
The board of the UN's Clean Development Mechanism Executive
Board needs to be more transparent in its decision making to let
investors see clearly why projects aren't winning approval, Paul
Kelly, chief executive officer of EcoSecurities, said today at a
Platts conference in Brussels. "This process feels quite
political and not very commercial."
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To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
