Not so long back, Deutsche Bank were writing 50 page reports on the science of climate change. They paid for giant 70 foot high towers of doom counting carbon emissions near Madison Square Gardens. They were so concerned about the planet they had a division called Deutsche Bank Climate Change Advisors (DBCCA). They weren’t driven by money, of course, only by the science.
“…we at Deutsche Bank Climate Change Advisors (DBCCA) have always said that the science is one essential foundation of the whole climate change investment thesis.”
But the science must have changed for DB because now they don’t even turn up:
Banks, investors desert key carbon market event
BARCELONA, June 1 – Governments and voluntary offset sellers took centre stage at a major carbon market conference in Barcelona this week after banks and investors – previously amongst the biggest exhibitors at the annual event – skipped it, in part due to rock-bottom CO2 prices.
The annual Carbon Expo trade fair is seen by many as a barometer for investment and general sentiment in the global carbon markets, many of which are plagued with regulatory uncertainty and withering demand.
June 21st, 2013 | Tags: Carbon Market, CDM, Deutsche Bank | Category: Global Warming | Print This Post | |
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