Why you must play the carbon markets

Carbon trading is an integral part of the strategy to combat climate change. Huge commitments have already been made, and everyone - from banks to to Filipino pig farmers - is staking a claim. You should do the same. Eoin Gleeson looks at the best ways to do so.

"This is a green revolution in the making it will be a tenfold increase in our deployment of renewable energy!" Of all the unlikely statistics to have surfaced during the recession, Gordon Brown's target for 15% of our energy to come from renewables looks like one of the most pie-in-the-sky.

The government is introducing a scheme to make 20,000 struggling British firms buy energy allowances in an effort to realise his target. But is now really the time to worry about offsetting our carbon emissions?

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.