Goldman Sachs bets on carbon offsets

Goldman Sachs has been actively investing in carbon offset companies, betting that offsets will become big business soon, reports the New York Times. The company has bought a majority of the carbon-offset assets from E+C0, which aims to supply clean power to developing countries. Last month, Goldman announced it took a minority stake in BlueSource, which is more focused on the domestic market. These investments complement its stake in APX, which registers carbon offsets. Goldman will likely market carbon offsets to its clients at some point in the future. Other banks are getting in on the act as well, including JPMorgan Chase and Morgan Stanley. What would be most helpful, though, would be federal incentives to trade such assets. Maybe that's the bet. 

For more:
- here's the Times piece

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