Deutsche Bank promises to streamline carbon trades - 23 Jan 2008 - BusinessGreen

The growing maturity of the carbon market was underlined yesterday when Deutsche Bank launched a new service designed to streamline carbon trading processes and limit associated risks.

The company said the new custody, clearing and settlement service would manage the exchange of carbon credits from both the European emissions trading scheme (ETS) and UN clean development mechanism (CDM), and provide "an integrated custody and safekeeping service" for participants in the market.

Deutsche Bank wants huge amounts of public money blown on the carbon scam

"The economic downturn provides a historic opportunity for government to take charge of the fight against climate change rather than being a reason to put off action," said Kevin Parker, global head of Deutsche Asset Management, one of the world's leading climate change investors. "A 'green' stimulus will also have a wider effect by providing leadership for additional investment from the private sector."