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Commodities Briefing - Categorized | Commodities Exchanges, Environmental Trading

European Climate Exchange chief Patrick Birley defends the carbon trading system

Posted on 30 November 2009

From Telegraph: People don’t trade carbon because they are good people,” exclaims Patrick Birley, the chief executive of the ICE European Climate Exchange, with characteristic bluntness. “Why should it be different as a commodity to the way people trade oil or gas?”

As the man in charge of the world’s biggest exchange for companies, banks and hedge funds to trade permits to emit carbon dioxide, Birley is fed up with the environmentalists’ charge that dirty capitalists should not profit from the global effort to tackle climate change…………………………..Full Article: Source

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VRS - who has written 15160 posts on Opalesque Commodities Briefing.


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