BusinessWeek – A forestry and carbon hedge fund proposed by Athamas SA will focus on wood rather than carbon credits after United Nations climate talks in December failed to set international targets after 2012.
When Luxembourg-based Athamas was founded in early 2008, it expected to create a carbon fund, said Thomas de Mevius, its chief executive officer. “It’s fair to say that given the recent developments in carbon finance mechanisms, we think it’s difficult to make a profitable carbon-only fund,” de Mevius said by e-mail.
