Citi has recently stated that it will spend $50 billion over the next 10 years to reduce its own carbon emissions and encourage the development of clean technologies. In line with this commitment Citi's global environmental finance team put capital to work in projects that reduce emissions through cleaner forms of energy and industrial production.
In particular Citi is investing in clean development mechanism projects, seeking the relevant national and UN approvals, and marketing the resulting credit flows to its customers around the world. The bank's London-based head of environmental markets, Garth Edwards, was recently in Asia and took time out to speak with FinanceAsia.
Carbon emissions trading has taken off in London,...
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