Emissions

Carbon trading

Carbon probably is the commodity market that comes the closest to the trading potential offered by financial markets. There are several opportunities to trade carbon and KYOS follows market developments in close detail. The main challenge in todays carbon markets seems to be the regulatory uncertainty, making trading and investments decisions not an easy task at all. KYOS expertise We have conducted numerous seminars and workshops to inform companies on carbon trading, how to deal with regulatory uncertainty and how to make investment decisions. In 2004 at the start of the EU ETS we have edited a book published by Risk Books called 'A guide to emissions trading', which covers several carbon business and risk management aspects. Examples where KYOS assists its clients:

• How to market credits from CDM projects
• What are the opportunities for the banks and other financial institutions in the fast expanding global carbon market
• Determine the cost optimum for buying or selling emission credits
• Analyse potential developments of emission markets in combination with developments in oil, gas, coal and power
• Analyse investment opportunities that involve emission reductions
• Design an integrated energy procurement strategy involving power, coal, gas and carbon