News and views from the global warming frontlines.

Visit TerraBlog

Meltdown! Charting the effects of the financial crisis

Posted on September 20, 2008

by Adam Stein In the wake of the financial meltdown, some have wondered about about the broader implications of the disappearance of Lehman Brothers' carbon trading desk. And the answer to that question, at least, is easy: there are no broader implications to the disappearance of Lehman Brothers' carbon trading desk. This is true for a variety of reasons, not least among them that Lehman Brothers was a small player in the carbon markets. The center of gravity in the carbon-trading world is in Europe. Beyond that, the carbon market itself is just one corner of the energy finance universe. So L...

Original article link


analysis , carbon , carbon trading , climate change , congress , eu , europe , fossil fuel , investment , investments , legislation , policy , political , president , trading