JP Morgan's Bruce Tozer on Purchasing ClimateCare and the Future of Carbon Offsets

The announcement last month that ClimateCare had been bought by JP Morgan signaled the Wild-West climate offset business has reached a milestone - it's now a business big enough ($9.4 billion in offsets traded last year) for the traditional financial services industry to get involved. Another milestone: Kyoto CDM offset projects now number over 1,000 and have offset 135 million tonnes of CO2 (the picture is of a Cambodian cook stove efficiency project). It may be a while before t...