The EU emissions trading scheme, although only 18 months old, is already becoming a sophisticated market.

The carbon trading community has grown to include more and more speculative investors, who are bringing greater liquidity into a market previously dominated by compliance-driven players. In this supplement, Energy Risk looks at how investment-driven funds are drawing private equity capital into the market.

This liquidity is, in turn, attracting more brokers into the market. James Ockendon