首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Seeking to match a desire to make money with his environmental instincts, Louis Redshaw, a former electricity trader, met with f
Seeking to match a desire to make money with his environmental instincts, Louis Redshaw, a former electricity trader, met with f
admin
2018-06-06
56
问题
Seeking to match a desire to make money with his environmental instincts, Louis Redshaw, a former electricity trader, met with five top investment banks to propose trading carbon dioxide. Only one, Barclays Capital, was interested in his proposition.
Three years later, the situation has turned around entirely, and carbon experts like Redshaw, 34, are among the rising stars in the City of London financial district. Managing emissions is one of the fastest-growing segments in financial services, and companies are scrambling for talent. Their goal: a slice of a market now worth about $30 billion, but which could grow to $1 trillion within a decade.
If greed is suddenly good for the environment, then the seedbed for this vast new financial experiment is London. A report released Tuesday by International Financial Services London, a company promoting British-based financial services, said that British companies were the leading global investors in carbon projects and that more carbon was traded in London than in any other city.
The rapid emergence of carbon finance in London—not only trading carbon allowances but investments in projects that help to generate additional credits—is largely the result of a decision by European governments to start capping amounts that industries emit.
Factories and plants that pollute too much are required to buy more allowances: those that become more efficient can sell allowances they no longer need at a profit. The system, started in 2005, is part of the Kyoto Protocol and bears the grant of the United Nations. Even so, doubts remain as to whether carbon finance can deliver tangible emissions reductions, let alone the huge economic transformation needed to tackle climate change.
For now, however, green-minded graduates and an eclectic range of professionals from banks, consulting companies and aid organizations are eagerly joining one of the most vibrant new sectors in London finance.
To be sure, carbon traders and investors do not yet make the same staggering amounts of money as some of their counterparts in foreign exchange and corporate finance. But remuneration is rising rapidly. A successful financier at Climate Change Capital, which manages a fund worth $1.25 billion to invest in credit-generating projects, might in a very good year take home as much as 10 times the basic salary.
But the industry has run into criticism. One reason is that European governments handed out too many free allowances in preparing for the start of the program, rendering the system less effective than was hoped. The over-allocation fueled volatility, and some traders reaped fatter-than-expected profits.
Controversy has also dogged some of the projects promoted by the financiers to generate new credits.
But overall, prospects for the industry are good, especially if the United States joins Europe in establishing a trading system, said Imtiaz Ahmad, 34, senior carbon trader for Morgan Stanley in London.
Human activities create about 38 billion tons of carbon dioxide each year, and governments regulate only a fraction of that amount. But if more governments decide to cut billions more tons of emissions, as leaders of industrialized nations discussed this month in Germany, and if the existing system in Europe is enlarged to cover transportation, there will be many more credits available—and a lot more finance and trading.
The reason why carbon finance is developing in London is______.
选项
A、London has good economic condition
B、more carbon was traded in London than in any other city
C、London government greatly supports carbon finance
D、London has been severely polluted
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/7sSO777K
本试题收录于:
NAETI中级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI中级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Asnake’sheatseekingsystemforfindingpreyresemblesasamissileheatseeker,exceptthatamissileheatseekingsystemis
Thereissomethingintrinsicallyfascinatingabouttheideaofevolution.Whatprinciplesgoverntheevolutionofaspecies?And
Thereissomethingintrinsicallyfascinatingabouttheideaofevolution.Whatprinciplesgoverntheevolutionofaspecies?And
Itisincredibletosayaggressionagainstthesmallcountryshouldnothavebeenmetwiththefullforceofthemilitarypower
Scientistsclaimthatin50years’time,therewillbecomputersthatarelikelybeevenmoreintelligentthanhumanbeings.
Neverunderestimatehowterrifiedmanypeoplearewhenfacedwiththeprospectofgoingintoasolicitor’soffice.
Seekingtobuildsupportamongblackfamiliesforitseducationreformlaw,theBushadministrationpaidaprominentblackpundi
Followingayearoffastdevelopment,bythefirstquarterofthisyear,Chinahashadabout1,100e-commercewebsites.
Don’tletsuchinsignificantmattersasthesecomebetweenussothatwecanconcentrateonthemajorissues.
Theproblem"whowillsupervisethesupervisor"hasbeenapuzzlingpropositionthathas________theprocuratorialdepartmentsfo
随机试题
A.胰高血糖素B.胰岛素C.糖皮质激素D.肾上腺素E.去甲肾上腺素正常肾上腺髓质分泌的儿茶酚胺类激素主要为
浮而细软,轻取即得的脉象是()
某建设项目位于2类声环境功能区,项目建设前后厂界噪声级增量在5dB(A)以上、敏感目标处噪声级增量为3dB(A),且受噪声影响人口数量增加较多。根据《环境影响评价技术导则—声环境》,该项目声环境影响评价工作等级应为()。
编制工程量清单时,刮板输送机安装项目特征描述中除包括名称、型号、槽宽、长度外,还要求有()。
下列进度计划表中,用来确定年度施工项目的投资额和年末形象进度,并说明建设条件落实情况的是()。
《总会计师条例》的颁布时间是()年。
感觉上与我容易投机交谈的人,多是比我年长十岁或十几岁的,也许因为他们都_________了各个领域的书籍,从年轻时候起就曾深深_________自我内心和世间万象。我平时所思所想,都是人生观问题,所以与同年代的人往往难有共同语言。对方若是20来岁的年轻人,
求幂级数xn的和函数.
HowdidthewomanknowabouttheStudentActionUnion?
Inaphysicaleducationclass,20studentsweretestedonarcherytargetshooting.Thesestudentswerethengivenatwo-daytrai
最新回复
(
0
)