News from Cass Business School

The return of carbon trading

Professor Michael Tamvakis discusses how the recovery in the manufacturing sector has brought back the issue of excessive C02 emissions

The recovering manufacturing sector across the world has brought C02 emissions back to the fore, a problem that has been of secondary concern as the world dealt with the implications of the credit crisis. Oil remaining above $100 a barrel, ever present environmental issues and the increasing manufacturing output in the developed and emerging economies make this an exciting time for carbon trading.

However, according to Professor Michael Tamvakis in this week's Cass Talks, there needs to be an improvement in market infrastructure to support the growing demand. "Whether it is a carbon tax from the government or the implementation of a carbon trading platform it is clear that market related mechanisms need to be put in place," He said.

The Cass Talks interviews are an opportunity to hear Cass faculty and prominent alumni give their perspective on current business and finance news stories, global issues affecting the business world and new research coming out of the School. Listen, watch and download Cass Talks and see other Cass academics share their opinions.

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