Scotia Capital has quietly started up an environmental markets origination group, based in New York, to originate and distribute carbon credits for clients.
The group is headed up by Jeff King, who has significant experience from time spent at Credit Suisse.
The idea is to take advantage of opportunities that already exist in Latin America, and to get the group ready to become a full-service provider in North America once legislation is passed in Canada and the U.S. that requires companies to make use of the credits.
That will include providing financing for carbon project development, acting as brokers or dealers of carbon credits, and trading credits.
