Deutsche Bank’s Asset Management division (DeAM) today launched a free, embeddable widget of its Carbon Counter, a landmark digital billboard in New York City which displays the running total of long-lived greenhouse gases in the atmosphere, as part of its campaign to raise public awareness of climate change and encourage investment. A widget is a downloadable, stand-alone application that can be embedded into an end-user’s web page or desktop. In addition to the widget, a virtual Carbon Counter is also available for download and display on any computer, television or most other types of viewing screen. Both items can be found on the “Know the Number” web site at http://www.dbcca.com/dbcca/EN/what-you-can-do/downloadable_widget.jsp.
The Carbon Counter and “Know the Number” campaign are part of groundbreaking climate-change awareness and education initiative sponsored by DB Climate Change Advisors group (DBCCA), DeAM's institutional climate change investment and research business. The “Number” on the Carbon Counter is based on measurements developed by scientists at the Massachusetts Institute of Technology (MIT) that include all long-lived greenhouse gases covered under the Kyoto and Montreal Protocols (24 gases excluding ozone and aerosols).
Since the launch of the Carbon Counter in June of this year, the running total of long-lived greenhouse gases in the atmosphere has increased by approximately 7.205 billion metric tons.
According to a recent report by the American Meteorological Society, which uses MIT’s Integrated Global System Model, probabilistic projections indicate that conditions are warmer than previously understood, with a median surface warming in 2091 to 2100 of 5.2°C, compared to 2.4°C in an earlier study.
“We believe that enabling all web site operators to easily display the Carbon Counter ahead of the Copenhagen summit will continue to raise awareness of this very serious issue,” said Kevin Parker, Global Head of DeAM and member of Deutsche Bank’s Group Executive Committee. “Major global investment is essential to preventing catastrophic climate change, and it is imperative for governments to build the regulatory and policy frameworks that accommodate and encourage that investment. We are hopeful that world leaders will make significant strides in that direction in Copenhagen.”
DeAM is one of the leading climate change investors in the world, with approximately $6 billion under management as of September 2009. With a world-class in-house research team focusing on this theme, DeAM is an investment industry thought-leader on a broad range of climate change dynamics.
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About Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Asset Management
With approximately $695 billion in assets under management globally as of September 2009, Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.
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