| Carbon trading, once seen as a burgeoning industry, is evaporating in Europe with at least 10 banks in London alone scaling back or closing their trading desks. The sector was seen as having great potential when it was created in London's Square Mile financial quarter in 2006 as the main provider for Europe's trading scheme.
But in the past four years alone the Climate Markets & Investors Association has found the number of workers on the trading desks had fallen 70 per cent as carbon prices have plummeted.......................................Full Article: Source |