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Financial Soultions: Major U.S investment firms back forests as carbon credit generators.


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2009-10-25 20:03:25 – New survey shows that UN proposal to accept forest generated carbon offsets has big business support.

Major investors administrating around $7 trillion in assets including BlackRock Inc, Citigroup and UBS AG, support increasing the carbon market to include awarding credits for forest preservation, according to a recent survey that Financial Soultions is aware of.

The addition of forests to a United Nations plan to create carbon credits will deal with about 20% of global emissions caused by
felling trees and clearing forest cover a recent statement from the World Wildlife Fund said, mentioning findings from an assessment by U.S. researcher Brunswick Group.

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