The Financial Times reports Morgan Stanley has joined the growing legion of corporations who want to play a role in the fight against climate change. The company announced that it plans to invest $3 billion (£1.6 billion) into carbon markets.
The corporate world is helping to drive the growth of the sector, which could be worth $1 trillion (£529 billion) within five years of an international agreement. More and more businesses are paying attention:"The prospect of building an international consensus...appeared to strengthen as Citigroup, the world's largest bank by market value, said in a research note that carbon trading was almost certainly going to become the most important weapon in combating global warming, including in the US."
