corrects to say past tense
+------------------------------------------------------------------------------+
Bank Panel Mulled CO2 Underwriter Role, Karmali Says (Update1)
2010-11-09 18:53:07.382 GMT
(Adds Cameron's plan in third paragraph.)
By Catherine Airlie and Mathew Carr
Nov. 9 (Bloomberg) -- The U.K.'s proposed Green Investment
Bank considered setting 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
today in London.
Prime Minister David Cameron's administration is now
considering a minimum price for CO2 emissions to underpin
investment in cleaner energy when the cost of European Union
permits falls below a certain level. That would raise costs for
power from plants fired by coal and natural gas, which are
cheaper and quicker to build than atomic reactors.
For Related News and Information:
Emission market news: NI ENVMARKET <GO>
Today's top energy stories: ETOP <GO>
European power-markets home page: EPWR <GO>
Top energy stories: TOP NRG <GO>
--Editors: Mike Anderson,
To contact the reporters on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net;
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editors responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net;
