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US emissions - State of play

Point Carbon's Veronique Bugnion takes a look at the scope and timeline for the carbon emission cap-and-trade programmes on the drawing board in the US

European gas - Battle of the brokers

Boutique environmental brokers walked the European market through the early days of emissions trading, but as traditional money and energy brokers move into this increasingly commoditised market, how will the early educators continue to compete? asks…

Delta hedging the load-serving deal

In this article Andrew Klingler takes a closer look at the residual risk when a load-serving contract is hedged with forwards. The residual risk components are described quantitatively and a formula for the minimum variance hedge is outlined

Vultures in Congo

Energy companies have long accepted a degree of country risk when investing in developing nations. But oil and gas companies now face a new threat to their international investments - and its origins lie closer to home. Andrew Derman, Andrew Melsheimer…

Making green with ethanol

Financial investors and commodity traders are paying closer attention to the US corn crop, due to the potential impacts it may have on the growing ethanol market. Daven Voorhies explains

Obstacles - Growing pains

Eastern European power markets have experienced rapid growth since liberalisation at the start of this decade, but there are still many obstacles impeding the market's development, finds James Ockenden

Kick-start for coal futures

Ice Futures and the European Energy Exchange have gone head-to-head in the latest attempt to kick-start coal derivatives trading. Oliver Holtaway investigates

Case study - A newcomer's view

Already present in the power markets of Slovakia, Bulgaria and Romania, Italian power utility Enel sees eastern Europe as ripe for physical acquisition and market participation. Enel's Fabio Mezzetti and Tatiana Glouchtchenko talk about the risks and…

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