Many of our business clients have recognized the risks and
challenges associated with climate change. Below is
a description of services we offer clients to help manage
their carbon and energy related goals and objectives.
Carbon Trading
In July 2008, RBC Capital Markets announced global capabilities
for carbon emission trading with the establishment of a carbon
trading desk. In 2009, the trading desk transacted over 121
million tonnes of carbon credits. The majority of the trading
volume centres around the European Union Emissions Trading
Scheme (EU ETS), the largest compliance market in the world,
but we have also seen a growth in trading on the North America
Regional Greenhouse Gas Initiatives (RGGI), Chicago Climate
Exchange (CCX) and other voluntary markets.
More
on carbon trading
Clean Energy
RBC recognizes that the clean energy sector is an emerging
industry, and we see both opportunities and environmental
benefits in providing credit and advisory services to this
sector. This is a growing part of our business and some examples
of current loans and trading lines include the following as
of October 31, 2009:
