Point Carbon and S&P to offer credit ratings for carbon trading
Carbon market analysis group Point Carbon and ratings agency Standard & Poors are looking at setting up a joint venture to investigate carbon offset project risk assessment products and services.
By signing a memorandum of understanding (MOU) the two parties hope to give more transparency to markets and improve investor confidence by providing in-depth analysis of each project and trade.
"Demand for independent evaluation of the risk of carbon offset projects is growing rapidly around the world," says Vickie Tillman, senior vice-president of sustainability business development at McGraw-Hill, S&P's parent company.
The move is likely to be welcomed by participants of the carbon market
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