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U.K. Green Bank May 'Underwrite' CO2 Price, BofA's Karmali Says
2010-11-09 15:00:22.959 GMT
By Catherine Airlie and Mathew Carr
Nov. 9 (Bloomberg) -- The U.K.'s proposed Green Investment
Bank may help set a long-term price for emission allowances by
sharing some of the market risk, according to the global head of
carbon markets at Bank of America Merrill Lynch.
"There was discussion on the advisory panel about the
potential role of the Green Investment Bank in underwriting a
long-term carbon price," Abyd Karmali, managing director at
the bank, told delegates at the Climate Finance 2010 conference
in London.
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To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
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Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
