James Emanuel does not believe in fate. Luck perhaps, but not fate. As one of the pioneers of Europe's carbon emissions markets, his career trajectory combines a series of carefully planned choices that have coincided with seismic changes in Europe's energy markets.

"Success is largely down to luck – being in the right place at the right time is critical," he says. "But you are able to influence your own luck. You've got to be proactive."

Such a world-view appears to be reflected in the