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London, October 15 – IDEAglobal, a research company advised by economist Nicholas Stern, has started selling software that predicts prices of United Nations carbon credits and may spur trading and investment in emissions reduction.
The Carbon Rating Agency, part of the companys IDEAcarbon unit, said its CARBONrisk software helps bring financial risk management tools to the carbon market, according to an e-mailed statement today. The software predicts supply and future prices of credits by analyzing the likelihood that emissions reduction projects will be awarded with tradable credits.
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