Making the cut: EU eyes Isda’s carbon trading proposals
EBA fears suggested treatment of emissions would be misaligned with rest of FRTB
What happens when a prudential framework that took years of negotiation to design, meets plans for combatting climate change that have also taken years of diplomatic wrangling?
The trading of carbon emissions is seen as essential to establish carbon pricing as a market mechanism to cut total emissions. That in turn is vital to the objective of the hard-won 2015 Paris climate agreement to limit the rise in global temperatures to 1.5 degrees above pre-industrial levels.
But a study earlier this
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