Finance
Standard Chartered Opens Gas, Carbon Trading Desk as Prices Soar
- So-called energy transition desk started operating last month
- EU gas and carbon prices have surged to records this year
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Standard Chartered Plc opened a desk to trade natural gas and carbon following a record-breaking run for both commodities.
The so-called energy transition desk began operating last month, Standard Chartered said in an email. Prices for gas have soared on a lack of supply, with carbon permits following suit as utilities switch to cheaper -- but dirtier -- coal-fed power plants.