The pay gap between carbon and energy traders has halved in the past three years, according to research from financial recruitment specialist Selby Jennings.

The research reveals the gap now just 12% with carbon traders now earning roughly £122,000 on average compared to £139,000 for energy traders, while carbon traders would have been earning 20-25% less on average than energy traders before the credit crunch (2007).

The research also shows that pay for carbon traders increased almost twice as fast as pay for energy traders over the past three years. Pay for carbon traders rose by 63%, (from £75,000 to £122,000) compared to 32% for energy traders (from £105,000 to £139,000).