20 November 2020: With reference to the Prime Minister’s 10 Point Plan announcement earlier this week – which included a goal to make the “City of London the global centre of green finance” a Bloomberg Opinion piece on how Britain is aiming to be a hub for carbon credit and green derivatives trading. “London… has a history in cutting-edge finance, a deep talent pool and a strong lead in the trillion-dollar swaps market. It’s a logical place to base the trading of carbon credits, and the derivative-like contracts that companies’ would want to tailor for their individual needs, were the worldwide carbon credit market to take off.” Read the full article here.
Unfortunately, it’s far from certain that it will.