Finance
Carbon Frenzy Gripping Investors Has Nordic Banks Cashing In
- SEB clients trading emissions tripled in past five years
- DNB sees increasing demand for carbon risk management
Photographer: Patrick Pleul/DPA/Getty Images
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With the green transition in full swing and carbon prices on a tear, Nordic banks are gearing up for a surge in demand for trading.
Futures in Europe’s emissions market jumped by a third last year. They’ve already soared almost as much so far in 2021 as hedge funds and other financial investors speculate the gains will continue because of tightening climate policies from Brussels and national governments.