Four banks this week announced what they called a pilot voluntary carbon offset market, named Project Carbon. Announced as an international joint effort, the banks are CIBC (Toronto,) NatWest (London,) Itau Unibanco (Sao Paulo) and National Australia Bank (Melbourne.)
They said on July 7 that their trading will start as a pilot project in August, to demonstrate how well their voluntary platform will work. The initiative is in line with the green finance weirdo projects of Mark Carney, UN Special Envoy for Climate Action and Finance. Last September, he created the Taskforce on Scaling Voluntary Carbon Markets (TSVCM). It is headed by Standard Chartered CEO Bill Winters. The idea is to trade to the tune of $100 billion within a few short years, on multiple carbon credit exchanges,
