From Energy Voice, April 15:
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
After five years with the Trafigura Group, most recently as head of crude oil for Europe, Hannah Hauman has been appointed global head of carbon trading. She will lead a dedicated team based in Geneva, Houston and Singapore, with plans to recruit a number of additional roles, Trafigura said in a statement..
....MUCH MORE
But of course. As Lord [up from Sir] Nicholas Stern, he of the eponymous Stern Report, said:
"This (climate change) is much too important to leave to environment ministers"
-Sir Nicholas Stern
to Finance Ministers basking in Bali
The International Emissions Trading
Association flexed their muscles at Bali, one of the big climate confabs.
Like the Nazis in the Spring of '40, things were looking so good at the December 2007 UN Conference on Climate
Change in beautiful Bali where IETA made up the largest single
contingent, fully 336 of the 4483 NGO gadflys (emphasis on fly, Bali is a
long way from Geneva).
Here's our hero in a long ago post:
“Bali will set in motion a process that will define the structure
of the carbon markets for decades to come”
“By 2020 the global carbon market could be worth EUR 240-
450 billion”
-Sir Nicholas Stern
I once called Stern the rentseeker's rentseeker. Literally. He makes money off the rentseeking carbon traders.
At the time Stern held the Vice-chairmanship at IDEAglobal, parent of carbon trading consultancy IDEAcarbon.
