Can Greed be Green......???
June 27th 2007 08:25
Or do the two terms cancel each other out......
I was reading an article from London talking about the huge salaries being paid to City Trader types - HUGE I am tempted to return - to trade the Carbon market, they are saying that the Carbon trading maret could be the biggest commoditiy market in the world, and possibly even become the biggest market in the world.....the Article was titled Green Greed...... and it got me thinking......
Can a person be Green and be Greedy? I mean to me being Green means you care about the environment and Greed means you care about nothing but money. Can you actually care about the environment and be greedy too OR are all these Capitalists merely hiding behind a good cause and making money like any other Snake Oil salesmen.....As the market develops further more and more stories are coming out of Projects failing like the famous Cold Play incident and the refrigeration project debacle in China.
When talking of markets particularly in London a Trader -this I know from experience - rarely comes up for air, the commodity you are trading becomes a screen full of numbers it doesn't really exist, you are merely chasing supply and demand and orders, you aren't really too concerned about the actual commodity except if there is an announcment that moves the price. These guys aren't sitting there saying how can I help the Environment today they are thinking how can I meet budget.....and get a huge bonus....some project managers are getting up to 10 times Salary for bonuses people.
As a trader I have been attracted to the Carbon Reduction industry because I had stepped away from the Greed world and was looking for something different. I discovered Emissions trading, I thought I had finally found something that balanced my love of the Environment and my Finance skills; I could actually apply my finance skills in a way that could help the environment, the more I look at this market the more I see just plain Greed hiding behind the Green banner. Everywhere I turn I see more and more examples of blatant greed.
In Australia and the US we have a chance to look at the Greed that has exploded in Europe and actually grow our markets in an orderly fashion. Hopefully more genuine players will emerge and funds and traders will actually care for the planet and not the money. Let's face it London is the furthest place form the environment you can get, I lived there four years and only saw one bird that wasn't a Pigeon and almost cried, you can't even hear the planes fly overhead because of the backgro
und noise - very bazaar the silence of low flying planes def a poem there - As Aussies we see the results of Environmental degredation and pollution in our Beaches and in our backyards daily, hopefully we can develop a system that solves the problem and doesnt just create a multi Billion dollar industry.
Now JH has announced we will have a scheme watch the Europeans flock here to make money from our relative ignorance. We need to be aware so we don't lose sight of the real issue here - To reduce Carbon Emissions - here's hoping. Please only give your money to genuine player, you work hard for it, you should be able to invest in tangible sustainable projects not one-off fly by night schemes.....as I have said before the retiring of credits is the key.
I was reading an article from London talking about the huge salaries being paid to City Trader types - HUGE I am tempted to return - to trade the Carbon market, they are saying that the Carbon trading maret could be the biggest commoditiy market in the world, and possibly even become the biggest market in the world.....the Article was titled Green Greed...... and it got me thinking......
Can a person be Green and be Greedy? I mean to me being Green means you care about the environment and Greed means you care about nothing but money. Can you actually care about the environment and be greedy too OR are all these Capitalists merely hiding behind a good cause and making money like any other Snake Oil salesmen.....As the market develops further more and more stories are coming out of Projects failing like the famous Cold Play incident and the refrigeration project debacle in China.
When talking of markets particularly in London a Trader -this I know from experience - rarely comes up for air, the commodity you are trading becomes a screen full of numbers it doesn't really exist, you are merely chasing supply and demand and orders, you aren't really too concerned about the actual commodity except if there is an announcment that moves the price. These guys aren't sitting there saying how can I help the Environment today they are thinking how can I meet budget.....and get a huge bonus....some project managers are getting up to 10 times Salary for bonuses people.
As a trader I have been attracted to the Carbon Reduction industry because I had stepped away from the Greed world and was looking for something different. I discovered Emissions trading, I thought I had finally found something that balanced my love of the Environment and my Finance skills; I could actually apply my finance skills in a way that could help the environment, the more I look at this market the more I see just plain Greed hiding behind the Green banner. Everywhere I turn I see more and more examples of blatant greed.
In Australia and the US we have a chance to look at the Greed that has exploded in Europe and actually grow our markets in an orderly fashion. Hopefully more genuine players will emerge and funds and traders will actually care for the planet and not the money. Let's face it London is the furthest place form the environment you can get, I lived there four years and only saw one bird that wasn't a Pigeon and almost cried, you can't even hear the planes fly overhead because of the backgro
Now JH has announced we will have a scheme watch the Europeans flock here to make money from our relative ignorance. We need to be aware so we don't lose sight of the real issue here - To reduce Carbon Emissions - here's hoping. Please only give your money to genuine player, you work hard for it, you should be able to invest in tangible sustainable projects not one-off fly by night schemes.....as I have said before the retiring of credits is the key.
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We desperately need some regulation so these dishonest guys get blown out of the water and people who really want to help can launch projects and get capital.
thanks for the comment