A tweet way to sell carbon credits?
15 July, 2009
A US broker is using micro-blogging site Twitter to offer carbon credits and seek other business in the carbon markets.
Josh Margolis, co-CEO of CantorCO2e and a veteran of environmental commodity trading, posted a message on 9 July offering a 2009-12 strip of Climate Reserve Tonnes (the credits registered at the Climate Action Reserve offset programme) without disclosing a price.
From his perch in San Francisco, he told Carbon Finance this was the first time he had tried offering credits through Twitter and it would be “imprudent” to discuss his methods and the response from his 109 followers.
Many of Margolis’s recent tweets have focused on developments in US cap-and-trade legislation, the introduction of which will dramatically affect his business, rather than doing deals to feather his nest. However, an 11 July post was fairly blunt: “GHG/REC Brokers wanted. Only if you have close deals and have a book of business. No posers please.”
Does being the early bird mean he is catching all the worms? “We get some good information through Twitter,” Margolis said, arguing that it could be a threat to traditional media – such as Carbon Finance.
This is not the first time CantorCO2e has embraced opportunities presented by the internet, having previously listed carbon credits on auction site eBay.
