Bank of America Launches $20 Billion Greenhouse Effort
By pledging nearly $20 billion to help commercial clients finance the use and production of new products, services, technologies and by initiating innovative conservation measures, Bank of America Corp. (BAC) could get the ball rolling for a $3 trillion market waiting to explode. Bank of America has committed $18 billion in lending, advice and market creation to help its clients finance new technologies. It will also commence workings to allow clients the capability to trade carbon emission credits; carbon trading is a trend already started in Europe under Kyoto protocol to reduce greenhouse gases. A dollar value or allowance is…