Josh Margolis keeps a grueling schedule, brokering deals between buyers and sellers and forecasting how government actions could affect his clients. But his obsession is not stocks, or bonds, or oil futures. As co-CEO of the San Francisco--based company CantorCO2e, Margolis is part of an exploding branch of finance in a new commodity: carbon.
Mainstream financial institutions including Merrill Lynch, J.P. Morgan, Deutsche Bank, and Goldman Sachs are joining the booming carbon market, which continues even through the current economic jitters....
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