The US has signalled its intention to join the carbon trading markets which could take the title from London, warns PwC partner
A PricewaterhouseCoopers partner has warned that New York could challenge the UK for its title as carbon trading capital.
Carbon trading markets are worth an estimated £75bn since the launch of the EU Emissions Trading Scheme (ETS) in 2005.
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Richard Gledhill, head of carbon markets and global leader of climate change at PwC, told the Daily Telegraph: "The big question now for the City is whether London will lose its leadership in carbon markets to the US."
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