Dr. Benny Peiser 16.12.2011 13:58 +Feedback
Grüne Banker verlassen das sinkende Schiff
Emission caps established under the Kyoto Protocol are set to expire at the end of 2012, and a United Nations-led effort to forge a new global compact is inching forward. One side effect of all this is a 47 percent drop this year through Dec. 12 in the value of C02 allowances issued under the EU’s Emissions Trading Scheme. The biggest banks, trying to recover from trading losses and a regulatory clampdown on using their own money to make bets, are scaling back their carbon trading operations. “People are leaving the industry because they’ve been fired or because they see no prospects,” says Emmanuel Fages, head of energy research for Europe at Société Générale (SCGLF) in Paris. The bottom line: Europe’s sovereign-debt crisis and lack of progress in global climate talks are leading some investment banks to ax carbon trading.
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Kategorie(n): Wirtschaft