A pioneering Brazilian carbon trader is buying back a boutique he founded more than 20 years ago, betting that a new offsetting scheme for the airline sector will trigger copycat initiatives around the world. Pedro Moura Costa, who has a multi-decade career developing carbon offsetting schemes, has agreed to buy back UK-based EcoSecurities, an early developer of greenhouse gas emissions schemes which he founded in 1997. It listed on the London Stock Exchange in 2005, and was taken private by JPMorgan in 2009.

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<p>Read more at: <a href="https://www.ft.com/content/9410c400-0f5f-11ea-a225-db2f231cfeae" target="_blank">FT</a></p>
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