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Banks seek profit from carbon crisis

Governments are hoping to harness the power of the markets to solve environmental problems

US magazine Vanity Fair ran an environmental issue last year on the cover of which actors George Clooney and Julia Roberts posed with the likes of politicians Robert F Kennedy and Al Gore, dressed head to toe in green.

The message was clear: green was the new black. Many bankers and investors would agree, after all, on Wall Street green is the colour of money and black that of profit.

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