Lack of Climate Bill Discourages Investment in U.S., Says Investment Group
The lack of a comprehensive climate bill in the U.S. discourages potential investors of low-carbon projects, according to Rob Lake, head of sustainability and governance for the Dutch pension fund APG. Lake said a cap-and-trade system in the European Union has spurred investment, but that when his group looked into U.S. projects to reduce deforestation and degradation emissions, "the prices and volumes just were not there due to the absence of federal cap and trade."
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