The World Bank's Carbon Deals

It was the first day in a long week of the consultations, PowerPoint presentations and high-level cocktail parties that accompany the World Bank's Spring Meetings in Washington, D.C. Already tensions were running high in a tightly-packed conference room downtown. Bank staff huddled on one side and non-profit groups on the other. The topic that drew so much attention first thing Monday morning: Climate change and the Bank's plans for plunging its fingers deeper into the expanding multi-billion-dollar carbon-trading pie.