Deutsche Bank yesterday unveiled an enormous display outside New York’s Madison Square Garden/Penn Station complex. What’s it show? “The current quantity of long-lived greenhouse gases in the atmosphere as shown by the Carbon Counter is 3.64 trillion metric tons, increasing by approximately 2 billion metric tons per month,” according to DB’s release. “‘The Carbon Counter is a bold new experiment in communicating climate science to the public,’ said Ronald Prinn, Professor of Atmospheric Science, MIT.”
“BNET Energy” further reports that DB has an interest, as do growing legions of investors, entrepreneurs, and bankers, in using the instruments available to us now to get emissions down. “The company, as of March 2009, has about $4 billion under management involving climate change. Its assets include renewable energy projects in Europe and as well as a climate change fund that invests in companies involved in clean technology, energy efficiency and environmental management. Deutsche Bank’s portfolio is merely a snapshot of the emerging climate change industry. The carbon trading market – for example – has grown from $727 million in 2004 to $118 billion in 2008, according to a report released last month by SBI. Global carbon markets will grow 68 percent a year to $669 billion in 2013, the market research company forecasted.”
Deutsche Bank has, as noted, a series of sustainable enterprises. Read more about them at their website, Banking on Green. For access to the Carbon Counter on a continual basis, click here.
Photo by Brandon Barrett, courtesy of Deutsche Bank.
