Bloomberg News reports:
United Nations envoys meeting in November should appoint a regulator to link carbon markets emerging from China to California and stimulate investment in emission-reduction projects, according to a carbon lobby group.
A global overseer would coordinate markets and boost private-sector confidence in efforts to cut greenhouse gas, said Anthony Hobley, president of the Climate Markets & Investment Association, whose members include JPMorgan Chase & Co. and Cargill Inc. More than 50 jurisdictions have set up or are considering carbon markets, UN and World Bank data show.