Carbon Markets
At present c130 Republic of Ireland and c30 Northern Ireland companies are obligated under the European Union Emissions Trading Scheme (EU ETS). A larger number of organisations are obligated under the UK Carbon Reduction Commitment.
The CRC Scheme targets emissions and energy use from large non-energy intensive organisations in both the public and the private sector whose annual mandatory half hourly metered electricity use is above 6,000MWh – focusing on those emissions outside the Climate Change Agreements (CCAs) and outside the direct emissions covered by the EU Emissions Trading System (EU ETS). CRC obligated organisations are responsible for around 10% of the UK’s emissions.
Organisations need to participate payment for and trading in Carbon; managing their allowances to ensure they can surrender/retire an appropriate number annually. This is a new opportunity to support the carbon trading phases of these schemes in UK and global carbon markets.
With Phase 3 of the EUETS now upon us, organisations must now be prepared to build on Phase 2 data collection and reporting; moving into the allowance trading environment created for Phase 3. We support organisations with:
- EUA to CER swaps; opportunities for revenue return without affecting your compliance status.
- Carbon Portfolio Management – in a similar vein to our Portfolio Management consultancy for Electricity or Gas; by understanding the risks and costs we execute a bespoke trading solution for your organisation.
- Guarantee of Origin; supporting your way of meeting CO2 reductions by purchasing and retiring certificates of green generation.
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