More on Wall Street "going green"

Just how big an opportunity is the market for carbon-based emissions? Well, Morgan Stanley's news that it will significantly boost its emissions trading, possibly becoming the leading market maker, is significant. So is Goldman Sachs' 10 percent stake in the Chicago Climate Exchange, an electronic venue that focuses on emission allowance trading. They are basically betting that more companies will voluntarily choose to comply with the Kyoto protocols, even though the U.S. is not a signatory. For now, many will have to purchase allowances, which raises the price for those in a position to sell. Ultimately, the profit motive suggests that companies will decrease their need to buy allowances to boost their supply. We'll see if this pans out.

For more on this:
- Here's an article from TheStreet.com

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