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climate change
’Where there’s muck there’s brass
Forget equities, forex and even fixed income, emissions trading is where it’s at currently.
As a bid battle rage for EcoSecurities, the Intercontinental Exchange has just picked up a 4.8 per cent holding in Climate Exchange,
Carbon indulgences
As if things couldn’t get much worse, the banking crisis is also exacerbating global warming.
The below chart, from the European Climate Exchange (via Hellasious at Sudden Debt), shows how.
It’s the price of EU-traded futures on carbon dioxide emissions.