匯豐從指數逐出碳交易者

匯豐從指數逐出碳交易者
HSBC Ejects Carbon Traders From Index
March 29, 2010, 11:25 am
By JAMES KANTER
The banking giant HSBC removed two companies involved in carbon trading from its Climate Change Index on Monday because they had lost too much value.
銀行業巨頭匯豐週一從氣候變化指數移除兩家參與碳交易的公司，因為他們已失去太多市值。
Analysts from HSBC said the cause was mainly that governments had failed to come up with a timetable for a global climate deal at the United Nations summit in Copenhagen in December.
匯豐銀行分析師稱，原因主要是政府未能於12月在哥本哈根的聯合國首腦會議，得出一個全球氣候協議的時間表 。
“Carbon trading was the major loser from Copenhagen,” HSBC analysts said in their March 2010 Quarterly Index Review. “Cap and trade needs hard targets and binding rules – and Copenhagen delivered neither,” HSBC said.
“碳交易是哥本哈根的主要輸家，”匯豐分析師在他們的2010年3月季度指數檢討說。 “套和交易需要困難的目標和有約束力的規則 - 而哥本哈根一事無成，”匯豐銀行表示。
The two companies ejected were Climate Exchange and Trading Emissions. Both companies are based in the Isle of Man and listed on the London Stock Exchange.
被逐出的兩家公司是氣候交易所及排放貿易，兩家公司都建基在馬恩島和在倫敦證券交易所上市。
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.
氣候交易所擁有歐洲氣候交易所、芝加哥氣候交易所和芝加哥氣候期貨交易所。排放貿易的主席尼爾埃克特，亦是氣候交易所的CEO。
Among companies joining the index were Renesola, a solar manufacturer with a heavy focus on China listed on the London Stock Exchange, and Universal Display, a United States-based lighting manufacturer listed on Nasdaq.
加入指數的公司為昱輝光能，一間太陽能製造商重點放在中國，在倫敦證券交易所上市；以及通用顯示，一美國為基地的照明製造商在納斯達克上市。
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 – a topic covered by my colleague John Broder in an article in The New York Times last week.
經匯豐修訂後的評級，是另一個例子碳交易如何期望，亦稱為“套與交易”，已在過去的一年 減少- 一項主題上週在紐約時報，由我的同事約翰布羅德在一篇文章中報導。
HSBC said South Korea had “kept the carbon trading faith” with plans to introduce a pilot program and it noted that the European Union has operated a carbon trading system since 2005.

But a failure by the European Union to order deeper cuts in emissions, and the absence of decisions putting the system in place in other major advanced economies like the United States, Japan and Australia, had undermined chances of a global carbon market emerging any time soon, it said.

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 forecast that the rest of 2010 would be characterized by a focus on Asia and by pragmatic deals on adaptation, forestry and climate finance, rather than on a comprehensive global deal. There would be “a shift in focus from building carbon markets to delivering low carbon growth,” HSBC said.
http://greeninc.blogs.nytimes.com/2010/03/29/hsbc-ejects-carbon-traders-from-index/

R.I.P.：戈爾的芝加哥氣候交易所已死