Chicago Climate Exchange ejected from HSBC Climate Index for loss of value
- “Carbon trading was the major loser from Copenhagen,” HSBC analysts said in their March 21010 Quarterly Index Review. “Cap and trade needs hard targets and binding rules – and Copenhagen delivered neither,” HSBC said.
Climate Exchange owns the
- European Climate Exchange,
- the Chicago Climate Exchange and the Chicago Climate Futures Exchange.
The chairman of Trading Emissions, Neil Eckert, is also the chief executive of Climate Exchange....
- The revised rating by HSBC is another example of how expectations for carbon trading, also known as “cap-and-trade,” have diminished over the past year--...
HSBC said those disappointments were reflected in the value of the companies reliant on carbon trading; the companies HSBC removed from the index had
- failed to reach the minimum market capitalization of $400 million."...
"HSBC ejects carbon traders from index," by James Kanter , 3/29/10, NY Times, Green Inc., via Tom Nelson (party hat added by editor of this blog)Tweet Stumbleupon StumbleUpon