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Carbon risk

Asian emissions markets seen as step in right direction

Hopes that carbon emissions might one day emerge as the next major commodity market have been confounded by poor liquidity in Europe and the lack of a federal US cap-and-trade scheme. But developments in some Asian countries are giving traders more to…

EU ETS risk and climate risk

Vertis has been active in carbon markets since 2001 – starting out as a developer of joint implementation projects, before entering into brokerage and dealing when the European Union Emissions Trading Scheme (EU ETS) was established in 2005. Vertis…

EU ETS to become bigger priority for industrials

Back-loading and structural reforms to Europe’s carbon market are set to collide with a reduction in free allowances, making life tougher for the continent’s polluters. Market participants hope this will engender an increased focus on risk management and…

Carbon emissions trading spreads across the globe

Traders’ enthusiasm for the European Union Emissions Trading System has slumped during recent years. But at the same time, there have been a variety of significant developments in carbon markets elsewhere around the globe. Gillian Carr rounds up some of…

Coal derivatives market fosters burning ambition

Increased attention from both traders and hedgers is providing a boost to the coal derivatives market, say participants, fuelling the success of the API 8 index linked to Chinese coal imports and stimulating further product development efforts elsewhere…

Europe's carbon market begins long road to recovery

A critical July 3 vote in the European Parliament has brought the world's largest carbon market back from the brink of collapse. But participants say structural reform remains necessary to secure its future – and this is a long way off. Mark Nicholls…

California carbon market faces challenges

California’s first auction for carbon allowances on November 14 was hailed as a success by state officials. But the fledgling market must survive a barrage of legal challenges before it can truly take off. Alexander Osipovich reports

Ruling sets back US emissions trading

Federal judges reject the US Environmental Protection Agency’s latest clean air rule, disappointing emissions market participants and shaking confidence in the viability of US cap-and-trade schemes

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