People who make large sums of money from auctions of carbon permits agree: auctioning carbon permits is a wonderful idea

Environmental-Expert.com - Finance houses back auctions of carbon permits

Auctioning of emissions allowances is needed to provide a clear signal for investors and shareholders looking to secure future investments in an increasingly carbon-constrained world, a group of leading financiers told a virtual - and virtually emission-free - conference today. BOS Bank (Poland), CA Chevreux (France), Climate Change Capital (UK) and Natixis E&I (France) acknowledged at a WWF round-table conference that auctioning permits allocated under the EU Emissions Trading Scheme - the world’s largest - was the most effective way to include climate costs in company balance sheets and have them into account in investment decisions.