Carbon credit sales boom
Merrill Lynch, the banking giant, announced a $9M deal to buy Carbon offset credits produced by an avoided deforestation scheme. This is great news for our project because it means that if these kinds of organisations are buying into our market, selling the credits will continue to be as easy as it is proving to be now. In fact, Carbon is believed by many of the big banks to become "the world's biggest commodity market"( Barclays Capital), so it looks as if our projected returns on investment will be growing.
