Michael Farrow, a director of Consortia Partnership, says Island firms are now in a good position to offer administration and other services to the growing carbon sector.
This has only been possible since May this year, when Jersey authorities signed up to the Kyoto Protocol.
‘Until May Jersey could not play in this market at all,’ Mr Farrow explained.
‘I think this is an opportunity for Jersey because most of the skills needed are already here.
The first carbon fund was set up by the World Bank in 2000 as a partnership between seventeen companies and six governments, to pioneer the market for project-based greenhouse gas emission reductions and promote sustainable development.
Last year the global carbon market tripled in size, to $30 billion, according to World Bank figures.
