Sunday, June 21, 2009

Here comes the market

Ken Newcombe The former head of carbon emissions trading at investment bank Goldman Sachs started his own carbon finance business last year, C-Quest Capital. He aims to set up 85-90 percent of its projects in Asia and the United States, with the remainder in Australia, Newcombe told Reuters on the sidelines of a carbon conference in Barcelona.
"We're looking to improve land management in the U.S. and Australia, including soil sequestration, growing biofuel crops, and planting trees." Soil sequestration involves encouraging less intensive farming practices that retain organic matter in the soil, thereby storing carbon.

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