Swiss Re ceases carbon trading

The move is part of Swiss Re's announced to reduce the workforce by 10% next year and focus on core business activities.

"The reduction of the carbon desk is part of Swiss Re's focus on its core business," says the spokesperson for Swiss Re.

Swiss Re will continue to offer weather and power outage contingent energy and soft commodity structures.

Carbon prices dropped to lows of around €8 ($10.62) in February this year, resulting in reduced levels of confidence in the carbon market.

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