Deutsche eyes EU greens

Alternative energy investment prospects have shrivelled in the United States after the Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said.

“You just throw your hands up and say... we’re going to take our money elsewhere,” said Kevin Parker, global head of the bank’s Deutsche Asset Management Division.
Parker oversees nearly $700bn (£575bn) in funds that devote $6bn to $7bn to climate change products.

Amid so much political uncertainty in the United States, Parker said Deutsche Bank will focus its “green” investment dollars more and more on opportunities in China and Western Europe, where it sees governments providing a more positive environment.