Environmental Markets Association News

EMA Hosts Sold Out Regional Round Table at The New York Stock Exchange

Fri, 26 Apr 2024 11:23:32 GMT

[Washington, DC - April 24, 2024] - The New York Stock Exchange was the focal point for pivotal discussions on climate policy and sustainable finance as the Environmental Markets Association (EMA), in collaboration with IntercontinentalExchange, hosted a landmark event on April 24, 2024. This sold-out afternoon drew industry leaders from finance, technology, and government sectors to explore innovative strategies for combating climate change and enhancing environmental market efficiencies.

The event began with an inspiring keynote from Jennifer Ilkiw, President of ICE Futures, setting a dynamic tone for a series of in-depth discussions. A fireside chat followed, featuring Jon Binder, Deputy Commissioner of Climate Change, Air Resources, and Energy at the New York State Department of Environmental Conservation, and Mike Kierstead of IntercontinentalExchange, highlighting the importance of joint efforts in environmental advocacy.

One of the day's main attractions was the "New York Cap & Invest (NYCI) Panel," moderated by Mike Kierstead. Panelists included Jon Binder, Yuhau Lin, Vice President at Morgan Stanley, Jack Velasquez from Marex Spectron, and Dan McGraw, Head of Regulatory Analysis at Mercuria. This panel delved into cap-and-invest strategies, discussing their critical impact on shaping future climate policies and influencing energy markets.

Additionally, the "REC Granular Certificate Working Group/Hydrogen 45v Panel" led by Harry Singh from Goldman Sachs, turned the spotlight on hydrogen energy and renewable energy certificates. Experts such as Patricia D'Costa of Google, Ben Gerber, President of M-RETS, Katie Soroye from LevelTen, and Dharik Mallapragada, Professor at NYU Tandon School of Engineering, shared insights on leveraging granular certification to foster innovation and efficiency in the hydrogen sector.

The Round Table concluded with the ceremonial ringing of the NYSE closing bell and a cocktail reception, offering further opportunities for networking and reflection on the discussions.

The Environmental Markets Association and IntercontinentalExchange express their gratitude to all speakers, panelists, and attendees for their contributions to this successful event. The discussions underscored the ongoing need for collaborative dialogue and action across industries to drive significant environmental and economic progress.

About the Environmental Markets Association (EMA): The Environmental Markets Association is a leading organization committed to promoting market-based solutions for environmental challenges. EMA provides education, networking, and partnerships among stakeholders in environmental markets.

Panel discussion recordings are available in the EMA Members Only Section.

EMA Board Unanimously Approves Policy Priorities

Wed, 03 Apr 2024 13:06:04 GMT

In this document, EMA emphasizes the need for well-designed environmental markets, which are crucial for promoting efficient, cost-effective, and growth-oriented investments. These markets are seen as proven tools for addressing economic externalities and fostering substantial economic development alongside achieving sustainability targets.

In addition, the EMA's policy framework is built on key principles of market design which include openness, competitiveness, and tradability. The organization promotes open, non-discriminatory market access to production-based incentives, ensuring that all stakeholders can participate equitably. Competitiveness is fostered through enabling both producers and consumers to have choices in procurement and compliance. Lastly, the principle of tradability underscores the importance of floating, market-determined pricing and investment signals, facilitated through environmental commodity instruments like environmental attribute certificates (EACs). These principles are intended to create a dynamic and robust marketplace that can effectively meet environmental challenges while encouraging investments in sustainable development.

Over the year, EMA and the Policy Advocacy and Market Principles committee will be developing supplemental resources for members and supporters to access and leverage in their education and outreach initiatives.

More information can be found here.

EMA Submits Responses and Evidence for SBTi

Fri, 24 Nov 2023 17:37:08 GMT

[November 24, 2023 - Washington, DC] -- EMA as a trade association represents a diverse institutional membership of on- the-ground industry practitioners delivering “real world” decarbonization solutions through the development, finance, and operation of sustainable infrastructure projects in the clean power, renewable thermal, and emission reduction sectors. Environmental Attribute Certificates (EACs), also known as Environmental Instruments or Environmental Commodities, such as Energy Attribute Certificates, Renewable Energy Certificates, Guarantees of Origin, Renewable Thermal Certificates, SAF Certificates, Carbon Allowances, Carbon Offsets, and Emission Reduction Credits, amongst others, facilitate critical primary or marginal revenue streams on top of underlying physical commodity sales that deploy new and support existing projects. Ultimately, all mitigation impact occurs at a “project level,” irrespective of whether it originates from a project finance, corporate finance, or public finance transaction. Trade of EACs enables increased collaboration amongst market participants and supports the efficient deployment of least- cost solutions.

EMA’s position is that EACs are effective accounting instruments for conveying environmental attributes and effective delivery mechanisms for performance-based incentives & revenue for decarbonization solutions, irrespective of the transaction type (e.g., unbundled vs. bundled, spot vs. forward, etc.) in which they are conveyed. A detailed look at global environmental markets, whether they be in the compliance or voluntary space, reveals that almost all programs and transactions utilize EACs. This is because there is no better alternative to: (1) embody, track, convey, claim, and report the environmental attributes associated with physical interventions that promote decarbonization, while (2) rewarding those actions with quantifiable, measurable credit. EMA has submitted 18 pieces of evidence in accordance with our memberships’ practical experience and findings in building these markets. All 8 research questions have been answered in the context of this evidence submission. While each EAC and scope of corporate emission reduction clearly has its own nuances and considerations, the overarching concept of how EACs work and can be designed, or customized, to enable targeted decarbonization solutions remains ubiquitous in practice. EACs are a proven, successful, and powerful market-based policy instrument ready to further scale climate finance and corporate action.

The EMA thanks the SBTi for its careful consideration of EACs as an effective tool to mobilize climate finance at a cost and scale necessary to achieve global net-zero ambitions in the timeframe required. EMA strongly recommends that the SBTi allow for and encourage the utilization of Environmental Attribute Certificates in the reporting and achievement of Scope 1, Scope 2, and Scope 3 corporate emission reduction strategies. Such an outcome will accelerate climate finance formation and mitigation action in line with SBTI’s Mission.

Additional documentation and evidence can be accessed below:

Barwin and Hofer Re-Elected to EMA Board of Directors

EMA Staff — Wed, 20 Sep 2023 18:46:29 GMT

[September 20, 2023, Washington, DC] - The Environmental Markets Association (EMA) is proud to announce the re-election of Sean Barwin, Carbon Financial Services and Christian Hofer, Sol Systems. The two Board members were selected for a three-year term by the EMA membership during a five-candidate contest.

Mr. Barwin and Mr. Hofer rejoin a robust roster of industry professionals on the Board including Jack Velasquez of Marex Spectron, Laura Duklewski of Constellation, Stephen McComb of IncubEx, Ken Nelson of Blue Delta Energy, and Lance Titus of Uniper.

The Board welcomes ideas, input, and participation from the membership through the three volunteer-led EMA committees: Events, Market Principles, Policy Advocacy.

About EMA

The Environmental Markets Association is a 26-year-old pro-environment, pro-business, pro-competitive markets industry trade association with a mission to promote open, competitive and tradable market-based solutions to solve environmental challenges while simultaneously supporting sustainable economic development. EMA does this through education, advocacy, and networking opportunities for its members and the public. Learn more and join today at www.enviromarkets.org.

EMA Pushes Back on Washington Post Article "Why buying renewable energy doesn't mean what you think"

Mon, 26 Jun 2023 19:06:19 GMT

[Washington, DC – June 26, 2023] - The Environmental Markets Association (EMA) recently responded to a one-sided Washington Post article titled "Why buying renewable energy doesn't mean what you think" published on June 21^st.

In the letter to the Editor, EMA emphasizes the role of market-based programs in achieving environmental policy goals and endorses principles that emphasize transparent price signals, risk mitigation, innovation incentives, efficient allocation of resources, investor certainty, and ratepayer protection in well-designed markets.

Regarding the concerns about renewable energy credits (RECs) in the article, EMA highlights the potential of tradeable REC products to efficiently allocate capital and reflect the environmental attributes of renewable energy. Market oversight ensures integrity and stability.

The article failed to acknowledge extensive research supporting market-based programs or the environmental benefits and economic efficiency of renewable energy markets.

The full letter to the Editor can be read below. EMA encourages its members to advocate and support market-based solutions and promote the principles that make environmental markets work as a pathway to a sustainable future.

---------

Dear Editor:

On behalf of the Board of Directors and members of the Environmental Markets Association (EMA), we are writing in response to the one-sided nature of your article titled "Why buying renewable energy doesn't mean what you think" published in The Washington Post on June 21, 2023. While we appreciate the insights presented in the article, we believe it did not adequately address the broader context and the role of market-based programs in achieving environmental policy goals.

EMA, an organization that strongly supports the utilization of markets to achieve environmental policy goals, endorses several principles that are pertinent to the discussion at hand. These principles, as laid out by EMA, emphasize the benefits of well-designed markets, including transparent price signals determined through competition, risk mitigation opportunities, incentives for technological innovation, efficient allocation of capital and resources, investor certainty, and ratepayer protection.

One of the key points raised in the article is the concern about the effectiveness of renewable energy credits (RECs) and their ability to truly represent the environmental benefits of renewable energy generation. While it is true that not all RECs are created equal, the market-based approach advocated by EMA provides a framework to address these concerns.

Market-based programs, such as the tradeable REC products mentioned in the article, offer a mechanism for efficient allocation of capital and resources. They enable market participants to evaluate and respond to transparent price signals determined through competition. By fostering transparency, competition, and liquidity, market design can ensure that RECs accurately reflect the environmental attributes of renewable energy generation.

Moreover, market oversight, as endorsed by EMA, is crucial to ensuring the integrity and stability of these market-based programs. By establishing regulatory frameworks that oversee the trading and verification of RECs, market oversight helps address concerns regarding the quality and credibility of these instruments. Such oversight mechanisms play a vital role in maintaining investor certainty and ratepayer protection.

It is important to note that the article primarily highlights the challenges and potential pitfalls associated with renewable energy credits but fails to acknowledge the extensive research and practical experiences that support the efficacy of market-based programs, nor does it present any commercially viable alternative approaches. Several studies, including those conducted by reputable institutions have demonstrated the environmental benefits and economic efficiency of renewable energy markets including:

The International Energy Agency recently studied the role market-based mechanisms play in decarbonization and help understand what technologies bring the most value to the system.
A recent Center for Resource Solutions report summarizes the legal basis for RECs in state and federal laws, case laws addressing RECs, and the use of RECs in voluntary clean energy programs.
A 2018 study shows that a REC system creates a trackable and tradable carbon inventory scheme that rewards corporates willing to invest in the renewable energy market by purchasing RECs

In conclusion, while it is important to critically examine and improve market-based programs, it is equally important not to dismiss their potential in achieving environmental policy goals. By adhering to the principles endorsed by EMA, we can enhance market design, foster transparency, and competition, and ultimately harness the power of markets to drive the transition to a sustainable future.

Thank you for your attention to this matter. I hope you will consider publishing this letter as a balanced perspective on the topic.

Sincerely,

The Environmental Markets Association

About EMA:

The Environmental Markets Association (EMA) promotes market-based programs for achieving environmental policy goals. EMA advocates for transparent price signals, risk mitigation, innovation incentives, efficient resource allocation, investor certainty, and ratepayer protection. Learn more at www.enviromarkets.org.

EMA Board Member Christian Hofer Keynotes at MIT Sustainability Summit

Mon, 01 May 2023 20:55:19 GMT

On April 28, 2023, EMA Board Vice Chair Christian Hofer of Sol System delivered a keynote speech at MIT's Sustainability Summit. During his talk on "The Ambition of Carbon," Hofer highlighted and amplified EMA's market principles as a critical component of making markets work.

View the full presentation slide deck here.

EMA Comments on Federal Trade Commission (“FTC”) RIN 3084—AB15 Regulatory review, request for public comment: Guides for the Use of Environmental Marketing Claims (“Green Guides”)

Mon, 24 Apr 2023 15:06:16 GMT

[April 24, 2023 - Washington, DC] On Monday, April 24, 2023, The Environmental Markets Association submitted comments to The Federal Trade Commission (“FTC”) regarding RIN 3084—AB15 Regulatory review, request for public comment: Guides for the Use of Environmental Marketing Claims (“Green Guides”).

Below is a brief summary of the submitted comments. The full comments can be viewed here.

Dear FTC Commissioners:

The Environmental Markets Association (“EMA”) appreciates this opportunity to provide input on the Green Guides related to the importance of maintaining integrity behind environmental attribute claims. Celebrating the 25th anniversary of our founding, the EMA is an industry trade association focused on promoting market-based solutions that utilize environmental instruments to solve environmental challenges. The EMA represents a diverse membership including large energy companies, renewable energy and carbon offset project developers, and environmental commodity market participants. EMA’s mission is to foster open, competitive, and tradable markets that deliver sustainable economic development in a cost-effective manner. In many ways, EMA’s recommended principles for market-based solutions, such as the importance of market oversight, closely align with the intent of FTC’s Green Guides. Whether it be in voluntary or compliance-driven environmental markets, it is essential to market stability and investor confidence that environmental marketing claims are not deceptive or fraudulent and do not undermine public trust. While our comments generally pertain to § 260.5 Carbon Offsets and § 260.15 Renewable energy claims, questions 1, 2, 9, 13, 17, 18, and 19 in Part A. General Issues and question 1 in Part B. Specific Claims are also addressed.

The 2012 version of the Green Guides was an important step forward in the evolution of the carbon offset and renewable energy certificate (“REC”) markets. By providing guidance to sellers and purchasers on how to avoid misleading environmental marketing claims in relation to the sale, procurement, and retirement of these environmental credits, a straightforward framework was set that resulted in increased market confidence. This helped cultivate broader market participation on both the buy- side and sell-side, which has had a real-world positive economic development impact by supporting deployment of emission reduction and renewable energy projects through the creation of larger capital markets that finance sustainable infrastructure assets. Accordingly, the EMA strongly supports the continued use of the Green Guides and specifically, their support of market-based accounting when making environmental attribute claims. EMA suggests that only minor modifications are necessary to improve their effectiveness and decision usefulness. EMA further believes that it is not necessary to establish a rule-making that creates independently enforceable requirements as this would place the FTC in the inappropriate role of setting environmental policy.

EMA Announces dates and location for 27th Annual Meeting

EMA Staff — Mon, 06 Mar 2023 18:26:19 GMT

[March 6, 2023 - Washington, DC] - The Environmental Markets Association announced today that their 27th Annual Meeting will be held in Denver, CO on October 1-3, 2023 at the Omni Interlocken Resort & Spa.

The location was selected to provide a central hub that inspires networking, connection and learning.

Registration is now open and available at the following link: 27th Annual Meeting

Attendees are now able to book their hotel at a rate of $209+ per night using the following reservation link: https://www.omnihotels.com/hotels/denver-interlocken/meetings/environmental-markets-association-27th-annual-meeting-09292023

Michael Macrae, Senior Manager, Scope 2, Greenhouse Gas Protocol to Speak to EMA

EMA Staff — Fri, 24 Feb 2023 20:42:00 GMT

(February 24, 2023, Washington, DC) - The Environmental Markets Association announced today that they will be hosting a virtual Fireside Chat with Michael Macrae, Senior Manager, Scope 2, Greenhouse Gas Protocol.

With the growing interest and mounting questions surrounding the upcoming GHG Protocol survey, this open discussion aims to provide clarity and clear direction for those looking to submit comments and feedback.

The event will be held on Thursday, March 2nd at 3:00pm EST and is free to attend, but RSVPs are required.

EMA Dues Fee Changes for 2023

Fri, 25 Nov 2022 18:14:35 GMT

EMA Dues Fee Changes for 2023

The EMA Board of Directors recently approved an increase in the corporate and individual membership dues for 2023. Membership dues have not increased since 2017. This increase allows EMA to provide and sustain enhanced member benefits including building and establishing strong partnerships with like-minded organizations and members to further the expansion and efficacy of environmental markets as well as reinforcing the support for committee initiatives and deliverables.

EMA has always operated on an efficient and lean budget and these increased fees reflect the continuously rising costs of doing business.

Lock in the 2022 Rate for 2023 (www.enviromarkets.org/join)

The Board would like to extend the existing 2022 renewal rate for those companies looking to commit and reinvest in EMA. Any company or individual who renews and pays their fee prior to January 31, 2023 shall be able to do so at the current fee as shown below:

Starting February 1, membership dues will increase as follows:

Gold Corporate: From $5900 to $7500
- Includes:
- - 4 Voting Memberships (valued at $6000)
  - 4 Complimentary Annual Meeting Passes (valued at $7580)
  - 4 Complimentary Regional Round Table Passes Valued at ($500)
  - Unlimited Webinar Access to All Employees
  - Hyperlinked Logo on website
Silver Corporate: From $4400 to $5000
- Includes:
- - 4 Voting Memberships (valued at $6000)
  - 2 Complimentary Annual Meeting Passes (valued at $3000)
  - 2 Complimentary Regional Round Table Passes (valued at $250)
  - Unlimited Webinar Access to All Employees
Bronze Corporate: From $2900 to $3500
- Includes
- - 3 Voting Memberships (Valued at $4500)
  - Member Rates for Annual Meeting and Regional Round Tables
  - Unlimited Webinar Access to All Employees
Green Individual: From $1095 to $1500
- Includes
- - Member Rate for Annual Meeting and Regional Round Table Registration Passes
  - Complimentary Webinar Access
Blue Organization (NGO, Academic, Government): From $598 to $750
- Includes Unlimited Webinar Access to All Employees

Being an EMA member continues to be a smart investment for the industry and your organization. We encourage you to take advantage of the many benefits offered as part of your membership. If you have questions, please email info@enviromarkets.org.

Environmental Markets Association Annual Meeting a Success, Organization Poised for Growth to Meet Challenges Ahead

Mon, 14 Nov 2022 14:32:19 GMT

Environmental Markets Association Annual Meeting a Success, Organization Poised for Growth to Meet Challenges Ahead

The Environmental Markets Association recently held its annual meeting in person for the first time in three years, and JLN interviewed the EMA chairman, Jack Velasquez, about the meeting, the EMA and its plans.

Velasquez talked about how the EMA promotes market based solutions for environmental problems and seeks to decarbonize the economy.

He mentioned that the EMA was lucky to get a terrific keynote speaker in Kathleen Barrón, executive vice president and chief strategy officer of Constellation.

He said it was great for the EMA to meet in person and the organization had a lot of energy at the conference, with a record 165 people in attendance.

The agenda featured the usual panels and keynotes about environmental products, but it also featured a deep dive into what the next generation of environmental markets is going to look like, Velasquez said. The market of the future is going to feature a 24/7 model where customers can really match their energy needs to the market, down to the minute.

The EMA has traditionally attracted trading firms, law firms, government officials and policymakers. Velasquez would like to see more corporate participation from universities as well.

Velasquez spoke about his plans for the organization in his role as chairman, having been re-elected at the meeting. He said he wants to get more people involved, especially from corporations, universities and law firms. There are challenges for environmental markets from those who are unbelievers in market based solutions, and he wants people who can help get the market message out.

https://johnlothiannews.com/environmental-markets-association-annual-meeting-a-success-organization-poised-for-growth-to-meet-challenges-ahead/

Velasquez and Duklewski Re-Elected to EMA Board

EMA Staff — Thu, 13 Oct 2022 16:27:20 GMT

[October 13, 2022, Washington, DC] The Environmental Markets Association (EMA) is proud to announce the re-election of Jack Velasquez of Marex Spectron and Laura Duklewski of Constellation. The two Board members were selected in an uncontested nomination process.

Mr. Velasquez and Ms. Duklewski join a robust roster of industry professionals on the Board including Christian Hofer of Sol Systems, Stephen McComb of IncubEx, Sean Barwin of CBL Markets, Ken Nelson of Blue Delta Energy and Lance Titus of Uniper.

During the in-person Board Meeting following the 26th Annual Meeting in Baltimore, MD, the Board unanimously voted for the following officers:

Chairman, Jack Velasquez

Vice Chairman, Christian Hofer

Treasurer, Stephen McComb

The Board welcomes ideas, input, and participation from the membership through the three volunteer-led EMA committees: Events, Market Principles, Policy Advocacy.

About EMA

EMA Chairman Jack Velasquez Opens 26th Annual Meeting With High Hopes for the Industry

EMA Staff — Wed, 05 Oct 2022 15:02:50 GMT

[Washington, DC - October 5, 2022] - On October 3, 2022, The Environmental Markets Association welcomed its highest attendance in 15 years to Baltimore, MD for their 26th Annual Meeting. Participants from all sides of environmental markets convened at The Baltimore Waterfront Marriott for three days of networking, idea sharing and learning.

EMA Chairman Jack Velasquez of Marex Spectron kicked off the meeting with insight and inspiration in his opening remarks:

EMA is not the new kid on the block. We have a deep and rich twenty-six year history with our members. We know this market best. We helped design a lot of these markets by either working with policymakers, or working with program administrators. EMA is in a unique and integral position to unify and amplify our voices with our marketing principles and expertise.

The need for education is greater now than ever before. EMA is all about our mission - to promote market-based solutions to help combat our environmental challenges. We strive to achieve this through sound public policy, industry best practices, effective education and training. And finally, we promote member collaboration. Even though we know how to have a good time, EMA and its members take our mission seriously.

There are massive advantages to well designed, policy driven environmental models. They are accountable. They are enforceable, and their success is proven.

Look at the growth of renewable generation. Over the course of the last 26 years, there were a few megawatts of California futures. Look at some of our cap and trade programs. CCA is and RGGI, it's a success, and it's going to continue to get more success and we are going to lower our emissions.

That's what it's all about. It's not just the environmental benefits. There are massive social benefits, like job creation, thanks to the IRA. We're going to have a lot more work in domestic manufacturing right here in the United States of America. We're gonna bring it back, it's going to help our economy.

Overall, the list goes on and on. The future is incredibly bright and we want you to have a role in EMA. Let's promote this mission and use the association as a platform to have your voice heard. And whether you're an energy trader or a broker, an academic or a policymaker, a sustainability officer working at a corporation, the EMA can equip you with the right market principles that will guide you in your mission and promote a properly well designed environment. It's really that simple. And this is how we're going to achieve a clean and reliable energy infrastructure.

The energy and engagement continued over the next two days with open and lively discussions on Voluntary and Compliance RECs, Voluntary and Compliance Carbon, LCFS, and 24/7.

Speakers included experts from the following organizations Constellation, LS Power, Lightsource bp, Intercontinental Exchange, 3Degrees, Center for Resource Solutions, STX, IETA, IncubEx, TransAlta, ClearBlue Markets, Mercuria, Verra, S&P Global Platts, WM, SRECTrade, M-RETs, Coalition for Renewable Natural Gas, AES, CEBI, WattTime, and LevelTen

Click here to listen to the audio of The Opening Remarks.

EMA members now have access to the recordings from the full event at the following link: 2022 EMA Recordings.

EMA Comments on S7-10-22/RIN 3235-AM87 Securities and Exchange Commission(“SEC”), Proposed Rule:The Enhancement and Standardization of Climate-Related Disclosures for Investors (“Proposed Rule”)

Mon, 20 Jun 2022 17:46:20 GMT

On June 17, 2022, EMA submitted comments and input on the Proposed Rule related to enhanced environmental, social, and governance (“ESG”) disclosures for publicly traded corporations.

To view the full submission to SEC, click here.

To view additional comments submitted by EMA's Policy Advocacy Committee, click here.

EMA Announces and Location for 26th Annual Meeting

Tue, 26 Apr 2022 10:48:47 GMT

(Washington, DC) April 26, 2022 — The Environmental Markets Association (EMA) is proud to announce that the 26th Annual Meeting will be held on October 2-4, 2022, at The Baltimore Marriott Waterfront Hotel in Baltimore, Maryland.

Following a hybrid offering of the Annual Meeting in 2021 in Austin, TX and a virtual-only option in 2020, the EMA Board is eager to get members and industry professionals together and will host regional Market Mixers leading up to the Annual Meeting.

"The growth and groundswell we've seen in Carbon, RECs, and LCFS has been tremendous, and we can't wait to get members back together in person for our 26th Annual Meeting," said EMA Board Chairperson, Jack Velasquez of Marex Spectron.

He continued, "This event is the perfect opportunity to bring the industry together with policymakers to learn about upcoming trends, changes, and technologies impacting environmental markets. If you want to be a part of the conversation, EMA '22 is where you need to be."

Recently appointed EMA Board Director, Laura Duklewski of Constellation shared, "Baltimore is excited to welcome EMA's 26th Annual Meeting. With a super convenient location, amazing water views, and great food options, we knew this was the perfect spot for EMA members to network, learn and connect."

For more information on registration, hotel, and sponsorship opportunities for the Annual Meeting please visit: www.enviromarkets.org/ema2022

[Members in The News] WECC Signs Multi-Year Agreement With M-RETS for Software Services

Mon, 04 Apr 2022 18:53:43 GMT

M-RETS is in an exciting and inspiring season of growth. Earlier this week, they announced a new multi-year agreement with Western Electricity Coordinating Council (WECC) to move the Western Renewable Energy Generation Information System (WREGIS) to the M-RETS tracking platform. This means that the M-RETS platform will power more compliance and voluntary markets than any other registry in North America.

WREGIS and M-RETS have a shared vision to support renewable energy certificate (REC) markets. Partnerships like these will drive greater decarbonization in our economy.

[Members in The News] Intercontinental Exchange Reports February 2022 Statistics

EMA Staff — Thu, 03 Mar 2022 16:26:53 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported February 2022 trading volume and related revenue statistics.

It can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Read more: https://ir.theice.com/press/news-details/2022/Intercontinental-Exchange-Reports-February-2022-Statistics/default.aspx

[Members in The News] ‘Huge’ Potential for ESG Futures

Tue, 01 Mar 2022 13:13:01 GMT

Caterina Caramaschi, global head of equity derivatives at ICE, said environmental, social and governance futures have huge growth potential as the global notional open interest is only approximately $7bn.

Caramaschi told Markets Media the open interest of ESG futures is still small compared to the notional open interest of the parent index futures contracts.

Read more here: https://www.marketsmedia.com/huge-potential-for-esg-futures/

[Members in The News] Intercontinental Exchange Announces Strategic Investment in tZERO Group, Inc.

EMA Staff — Tue, 22 Feb 2022 16:03:51 GMT

NEW YORK & ATLANTA--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that it is making a strategic investment in tZERO, a leader in blockchain innovation and liquidity for digital assets. In connection with ICE’s investment in tZERO, David Goone, a longtime member of ICE’s management team and currently ICE’s Chief Strategy Officer, will join tZERO as its next Chief Executive Officer and will serve on tZERO’s Board of Directors.

Goone, who joined ICE in 2001, will continue to serve ICE and its Chairman and CEO, Jeff Sprecher, in a consulting capacity.

Read more: https://www.enviromarkets.org/sys/website/system-pages/?pageId=18010

[Members in The News] New Initiative Launched to Better Define Carbon Intensity for Hydrogen

EMA Staff — Wed, 16 Feb 2022 16:20:22 GMT

WASHINGTON, Feb. 16, 2022/PRNewswire/ -- GTI, the National Energy Technology Laboratory (NETL) and S&P Global Platts today launched the Open Hydrogen Initiative (OHI), a new collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

There is a high degree of variability in the carbon intensity of hydrogen production, even using the same technologies or pathways. Precise measurements of hydrogen's carbon intensity at the production facility (also known as the asset level) are needed to more accurately reflect the environmental bona fides of a given kilogram of hydrogen produced and overcome the limitations of the "color-wheel" labeling model. An apples-to-apples comparison of hydrogen production carbon intensity would hold benefits for stakeholders throughout the value chain—producers, users, engineers, academia, market participants, investors and policymakers.

Read more: https://www.enviromarkets.org/sys/website/system-pages/?pageId=18010

[Member in The News] ClearBlue Partners with Ninepoint for Exclusive Talk by Jennifer McIssac and Anop Pandey

EMA Staff — Wed, 09 Feb 2022 20:46:10 GMT

ClearBlue Markets is partnering with Ninepoint Partners to provide their financial advisor clients with an exclusive virtual talk by Jennifer McIssac and Anop Pandey, the Director and Manager of Market Analysis, on carbon trading markets on Feb 10, 2022.

Read more: https://www.clearbluemarkets.com/post/clearblue-partners-with-ninepoint-for-exclusive-talk-by-jennifer-mcissac-and-anop-pandey

[Member in The News] Intercontinental Exchange Announces 15% Increase to its Quarterly Dividend

EMA Staff — Thu, 03 Feb 2022 23:51:32 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced board authorization of its first quarter 2022 dividend of $0.38 per share, up 15% from its previous $0.33 per share quarterly dividend in 2021.

The first quarter cash dividend is payable on March 31, 2022 to stockholders of record as of March 17, 2022. The ex-dividend date is March 16, 2022.

ICE expects the annual total dividend for 2022 to be $1.52 per share, for an aggregate payout of approximately $843 million, and the expected record and payable dates for the balance of the year are expected to be as noted below, subject to board authorization.

Read more: https://ir.theice.com/press/news-details/2022/Intercontinental-Exchange-Announces-15-Increase-to-its-Quarterly-Dividend/default.aspx

[Member in The News] Intercontinental Exchange Reports January 2022 Statistics

EMA Staff — Thu, 03 Feb 2022 13:13:51 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported January 2022 trading volume and related revenue statistics.

It can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Read more: https://ir.theice.com/press/news-details/2022/Intercontinental-Exchange-Reports-January-2022-Statistics/default.aspx

[Member in The News] Marex acquires Arfinco S.A.

EMA Staff — Thu, 03 Feb 2022 01:21:35 GMT

Marex has today announced the completion of the acquisition of Arfinco S.A., one of Europe’s leading agricultural brokers.

Arfinco is one of the largest brokers of exchange-traded European grains, as well as covering US and Canadian markets. The company provides trade execution services for commodities futures and options across Euronext, CME CBOT and ICE markets.

Read more: https://www.marex.com/news/2022/02/marex-acquires-arfinco-s-a/

[Member in The News] Sol Systems Acquires 540 MW Illinois Solar Portfolio From Arevon Energy

EMA Staff — Tue, 01 Feb 2022 16:23:35 GMT

WASHINGTON, D.C. – February 01, 2022 – Today, Washington, DC.-based Sol Systems, LLC, announced the acquisition of a 540-megawatt (MW) solar development portfolio in southeast Illinois from Arevon Energy. The portfolio is one of a number of acquisitions Sol Systems is making to scale its Impact + InfrastructureTM platform across the US.

The portfolio consists of three 180 MWdc solar energy projects located across Hamilton, Randolph, Saline, and White counties. Sol Systems will own and operate the portfolio and will work with energy developer Tenaska to develop and construct the projects.

Read more: https://www.solsystems.com/news/sol-systems-acquires-540-mw-illinois-solar-portfolio-from-arevon-energy/

[Member in The News] S&P Global Outlines Key Trends That Will Drive The ESG Agenda In 2022

EMA Staff — Tue, 01 Feb 2022 00:41:19 GMT

NEW YORK, Jan. 31, 2022 /PRNewswire/ -- S&P Global has identified several key, interlinked trends that will drive the ESG agenda in 2022, in a report released today.

The report draws on the knowledge of senior ESG experts across all S&P Global divisions.

Following the unprecedented market and policy momentum behind ESG in 2021, investors, corporate boards, and government leaders have raised expectations for progress on climate pledges in 2022.

"Alongside climate, biodiversity and other environmental concerns, social issues like diversity, equity and inclusion and worker wellbeing appear poised to remain in the spotlight, particularly as they are increasingly woven into broader ESG discussions," said Richard Mattison, President, S&P Global Sustainable1 and a lead author of the report "S&P Global: Key trends that will drive the ESG agenda in 2022."

Read more: https://www.enviromarkets.org/sys/website/system-pages/?pageId=18010

[Member in The News] Digitalizing our operational fleet

EMA Staff — Mon, 31 Jan 2022 13:50:27 GMT

Exactly one year ago this week, I accepted a new challenge - to lead the digitalization of our operational fleets as EVP Digital Evolution in the Chief Operations Officer area (COO) covering roughly 35GW of generation and storage assets with a working gas capacity of around 8 billion cubic meters. Excited by the opportunity, I remember thinking that my background in engineering, asset management and strategy execution would serve me well in shaping the digital future of our operational business. Infact, the most important skills I needed was change management and how best to engage our people - but I’ll come to that later.

Read more: https://www.uniper.energy/news/digitalizing-our-operational-fleet

[Member in The News] S&P Global Announces Extension of the Expiration Date for Exchange Offers and Consent Solicitations for IHS Markit Notes

EMA Staff — Fri, 28 Jan 2022 02:36:33 GMT

NEW YORK, Jan. 27, 2022 /PRNewswire/ -- S&P Global (NYSE:SPGI) ("S&P Global" or the "Company") announced today that its wholly owned subsidiary S&P Global Market Intelligence Inc. ("Market Intelligence") has extended the expiration date of the previously announced (i) offers to exchange (collectively, the "Exchange Offers") any and all outstanding notes (the "IHS Markit Notes") issued by IHS Markit Ltd. (NYSE:INFO) ("IHS Markit") for up to $4,642,848,000 aggregate principal amount of new notes to be issued by the Company (the "S&P Global Notes") and cash and (ii) solicitations of consents (collectively, the "Consent Solicitations") to adopt certain proposed amendments (the "Amendments") to each of the indentures (collectively, the "IHS Markit Indentures") governing the IHS Markit Notes, commenced by Market Intelligence on November 16, 2021. Market Intelligence hereby extends such expiration date from 5:00 p.m., New York City time, on February 1, 2022, to 5:00 p.m., New York City time, on February 22, 2022 (as the same may be further extended, the "Expiration Date").

Read more: https://www.enviromarkets.org/sys/website/system-pages/?pageId=18010

[Member in The News] Constellation Energy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

EMA Staff — Thu, 27 Jan 2022 03:26:31 GMT

NEW YORK, Jan. 26, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600:

Constellation Energy Corp. (NASD:CEG) will replace The Gap Inc. (NYSE:GPS) in the S&P 500, The Gap will replace Jack in the Box Inc. (NASD:JACK) in the S&P MidCap 400, and Jack in the Box will replace Spectrum Pharmaceuticals Inc.(NASD:SPPI) in the S&P SmallCap 600 prior to the opening of trading on Thursday, February 3. S&P 500 and 100 constituent Exelon Corp. (NASD: EXC) is spinning off Constellation Energy in a transaction expected to be completed on February 2. Post spin-off, Exelon will remain in the S&P 500 and 100.
S&P SmallCap 600 constituent Watts Water Technologies Inc. (NYSE:WTS) will replace Sterling Bancorp/DE (NYSE:STL) in the S&P MidCap 400, and Hostess Brands Inc. (NASD:TWNK) will replace Watts in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 1.
Euronet Worldwide Inc. (NASD:EEFT) will replace Compass Minerals International Inc. (NYSE:CMP) in the S&P MidCap 400, and Compass Minerals International will replace Great Western Bancorp Inc. (NYSE:GWB) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 1.

Read more: https://press.spglobal.com/2022-01-26-Constellation-Energy-Set-to-Join-S-P-500-Others-to-Join-S-P-MidCap-400-and-S-P-SmallCap-600

[Member in The News] Sol Systems Partners with Community Organizations to Scale Impact

EMA Staff — Tue, 25 Jan 2022 16:45:38 GMT

Washington, DC – January 25, 2022 – Sol Systems, LLC, a national solar energy company focused on coupling renewable energy procurement and investment with community impact, today announced its first set of investments associated with its Master Power Purchase and Community Impact Agreement with Microsoft. The partnership combines a 500MW framework power purchase agreement (one of the country’s largest) with a groundbreaking strategy to invest in under-resourced communities and people disproportionately impacted by climate change.

Read more: https://www.solsystems.com/news/sol-systems-partners-with-community-organizations-to-scale-impact/

[Member in The News] MARK HOROWITZ JOINS INCUBEX AS SENIOR VICE PRESIDENT, BUSINESS DEVELOPMENT

EMA Staff — Mon, 24 Jan 2022 23:39:55 GMT

January 24, 2022 – Chicago —IncubEx, a developer of environmental products, markets, services, and technology solutions, is pleased to announce that Mark Horowitz has joined as Senior Vice President, Business Development.

In his role, he will provide strategic guidance and support for current and future business opportunities for IncubEx and reports to Dan Scarbrough, President and COO of IncubEx.

Read more: https://theincubex.com/2022/01/mark-horowitz-joins-incubex-as-senior-vice-president-business-development/

[Member in The News] Digital Fuels Program Launch

EMA Staff — Thu, 20 Jan 2022 20:08:56 GMT

Initial Focus on Natural Gas and Methane Performance

Growing awareness of methane’s contribution to climate change—pound for pound 80 times more potent than carbon dioxide in the near term—was punctuated at COP26 last year when 100+ countries pledged to cut methane emissions by 30% or more by 2030. In parallel, dozens of the world’s largest energy producers continue to make progress toward methane emission reduction goals established in multiple partnership programs (e.g., US EPA Natural Gas STAR, ONE Future, Oil & Gas Methane Partnership 2.0, and the Natural Gas Sustainability Initiative).

Read more: https://xpansiv.com/digital-fuels-program-launch/

Duklewski of Constellation Joins EMA Board

Thu, 20 Jan 2022 17:20:53 GMT

The Environmental Markets Association (EMA) Board of Directors voted for Laura Duklewski, a Senior Manager of Trading at Constellation, to serve the remaining term of long-standing Board Member, Joe Roenbeck of PSEG.

Mr. Roenbeck has been a Board member for over a decade and a dedicated Gold Corporate member. Mr. Roenbeck was pivotal in creating and maintaining the highly acclaimed Regional Round Table series and has been a mainstay on panels at EMA Webinars and Annual Meetings.

The EMA Board and membership will greatly miss Joe and are excited to have Ms. Duklewski add her perspective and extensive industry knowledge to the association at a time where the industry and organization are positioned for major growth. Ms. Duklewski brings over 18 years of experience in environmental trading and portfolio management across U.S. environmental markets with a specific focus on PJM renewables and voluntary clean product offerings.

“I can’t say enough about how thankful and grateful I am for Joe. Joe's 10+ years of dedicated service to EMA allowed us to get through some really hard times," said EMA Board President Jack Velasquez of Marex Spectron. “We know that there are big shoes to fill, but anyone that knows Laura Duklewski, knows how much talent experience she brings to elevate EMA and these markets.”

Additional EMA Board Members include Jack Velasquez of Marex Spectron, Sean Barwin of CBL Markets, Christian Hofer of Sol Systems, Stephen McComb of Incubex, Lance Titus of Uniper and Ken Nelson of Blue Delta Energy.

About EMA

The Environmental Markets Association is a 25-year-old pro-environment, pro-business, pro-competitive markets industry trade association with a mission to promote open, competitive and tradable market-based solutions to solve environmental challenges while simultaneously supporting sustainable economic development. EMA does this through education, advocacy, and networking opportunities for its members and the public. Learn more and join today at www.enviromarkets.org.

About Laura Duklewski, Senior Manager, Trading, Constellation

Laura has over 18 years’ experience in environmental trading and portfolio management across U.S. environmental markets with a specific focus on PJM renewables and voluntary clean product offerings. In addition to portfolio management, Laura works closely with Constellation’s product developments team to identify and create optimal voluntary clean product offerings to meet customers’ environmental goals. She serves on Constellation’s Diversity Equity and Inclusion steering committee. She is co-founder of the Baltimore Society of Women in Investment Leadership. She serves on the board of the IMAGE Center of Maryland and the Investment Committee of The Walters Art Museum and fosters dogs. She has an M.B.A. in Finance from Rice University and a B. Chemical Engineering from Georgia Tech. She just recently installed solar with battery back up on her home and looking forward to the dollar and carbon savings in the future.

[Member in The News] 2021 Xpansiv Carbon Volume Rises 288% Driven by Surge of Corporate Net-Zero and ESG Demand

EMA Staff — Wed, 12 Jan 2022 16:00:03 GMT

NEW YORK, SAN FRANCISCO, SYDNEY, LONDON, MILAN — Xpansiv, the global marketplace for ESG commodities, announced extraordinary progress in 2021, including robust growth across its exchanges and the successful launch of a digital platform for valuing commodities based on critical ESG data. Starting with natural gas, this comprehensive platform incorporates factors that include methane emissions and water usage—registered using independently verified source data—to create market incentives for sustainable production.

“Last year Xpansiv experienced phenomenal growth in our markets, data service, and technology businesses,” said John Melby, Xpansiv President and COO. “The CBL GEO became the first widely accepted voluntary carbon benchmark, we expanded our ESG commodity ecosystem with key acquisitions, and we launched a landmark Digital Fuels Program. We’re thrilled to continue to expand our presence as the global nexus for ESG commodities where data becomes proof, and intentions become actions.”

Read more: https://xpansiv.com/2021-xpansiv-carbon-volume-rises-288/

[Member in The News] Record Volume of Environmental Contracts Traded on ICE in 2021 Equivalent to an Estimated $1 Trillion in Notional Value

EMA Staff — Tue, 11 Jan 2022 17:19:22 GMT

AMSTERDAM & LONDON & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record volume of environmental contracts traded in 2021. A total of 18 billion tons of carbon allowances traded in 2021, equivalent to an estimated $1 trillion in notional value and equal to over half the world’s estimated total annual energy-related emissions footprint.

Reflecting how companies use these markets to manage and price climate risk, as well as meet compliance obligations, a record 19 million environmental futures and options contracts traded on ICE in 2021. These traded contracts included a record 15.2 billion EU carbon allowances, a record 2.4 billion California carbon allowances, 346 million Regional Greenhouse Gas Initiative allowances and, following its launch in May 2021, 255 million U.K. carbon allowances.

Read more: https://ir.theice.com/press/news-details/2022/Record-Volume-of-Environmental-Contracts-Traded-on-ICE-in-2021-Equivalent-to-an-Estimated-1-Trillion-in-Notional-Value/default.aspx

[Member in The News] Marex appoints Head of APAC

EMA Staff — Mon, 10 Jan 2022 12:23:09 GMT

Marex has today announced the appointment of Arthur Fan as Head of Asia Pacific (APAC). In this newly created role, Arthur is responsible for the management and growth strategy in the APAC region, with a particular focus on China and Australia.

Arthur, who also joins the management team, starts on 10 January and reports to Ian Lowitt, Marex CEO.

Read more: https://www.marex.com/news/2022/01/marex-appoints-head-of-apac/

[Member in The News] Net-Zero Emissions – Where do carbon credits fit in the global journey to climate action?

EMA Staff — Fri, 07 Jan 2022 00:11:00 GMT

The process of decarbonizing your organization can seem like a daunting task. Luckily, there are frameworks and guidance in place that help create actionable steps to realize your organization’s climate ambitions. This blog explores these strategies, the targets you can set, and the role carbon credits play in decarbonizing an organization.

Setting the scene

In the summer of 2021, the UN's Intergovernmental Panel on Climate Change (IPCC) published part one of a six-part assessment report stating that global temperatures will rise 1.5 degrees Celsius by the early 2030s and continue to do so without mitigating action.

Getting to net-zero emissions – taking cues from the Science Based Targets initiative (SBTi)

Companies seeking to join the global cause to reach net-zero emissions should first define their ambition and targets, while ensuring they are grounded in science. As well, companies should learn the frameworks and standards that exist to help along the way.

Read more: https://www.actcommodities.com/insights/Net-Zero-Emissions%E2%80%93Where-do-carbon-credits-fit-in-the-global-journey-to-climate-action-

EMA Selects Hofer and McComb as New Board Officers

Thu, 06 Jan 2022 14:19:31 GMT

Board Members of the Environmental Markets Association (EMA) unanimously voted in two new officers to serve in the role of Vice Chairperson and Treasurer.

Christian Hofer of Sol Systems, a long-standing EMA Board Member and Chair of The Market Principles Committee, will serve in the role of Vice Chairperson. Mr. Hofer has worked tirelessly to publish multiple comments to legislators and is a driving force behind promoting EMA’s Market Principles.

Stephen McComb, a newly elected Board member and dedicated EMA member, will serve in the role of Treasurer. Mr. McComb has been a champion of new networking initiatives and is committed to seeing EMA prosper.

Jack Velasquez of Marex Spectron will continue to serve as the Chairperson of EMA.

About EMA

About Christian Hofer, Sol Systems

Mr. Hofer is an EMA Board of Director and serves as Chair of the Market Principles Committee, which aims to increase awareness about the advantages of market-based solutions for achieving sustainable development. He is a Senior Director of Trading at Sol Systems, a leading renewable energy infrastructure developer in North America. Prior to his role at Sol Systems, he led corporate development for Skystream Markets, a firm dedicated to building environmental commodity trading platforms. Mr. Hofer has over a decade of experience transacting in environmental and capital markets. He holds a BS in Finance from the University of Connecticut School of Business, where he also published an economic thesis on the use of carbon offsets for implementing reforestation.

About Stephen McComb, IncubEx

Stephen McComb is a Chicago-based economist and environmental and energy executive who currently serves as a senior vice president of IncubEx. McComb joined IncubEx in 2019 as a senior vice president. He spent six and a half years at the Intercontinental Exchange in environmental market roles after it acquired the Chicago Climate Exchange in 2010. McComb has also served as an economist for the State Utility Forecasting Group at Purdue University. He has also been a member of the Ontario Energy Board. McComb served in the Canadian armed services for three years as an infantryman.

[Member in The News] Xpansiv Awarded “Best Midsize Companies to Work For”

EMA Staff — Thu, 06 Jan 2022 00:03:21 GMT

Seattle, WA — Built In today announced that Xpansiv, the global marketplace for ESG commodities, was honored in its 2022 Best Places to Work Awards, earning “Seattle Best Midsize Companies to Work For.” The awards program includes companies in the eight largest tech markets across the U.S.

“We are thrilled to be included in this award,” said Xpansiv CEO Joe Madden, “especially because it highlights our emphasis on building a vibrant culture and a team of remarkable individuals, all pulling together to deliver a world worthy of future generations.”

Read more: https://xpansiv.com/xpansiv-awarded-best-midsize-companies-to-work-for/

[Member in The News] CBL Launches Core Global Emissions Benchmarks to Further Scale the Voluntary Carbon Market

EMA Staff — Wed, 05 Jan 2022 12:53:43 GMT

NEW YORK, SAN FRANCISCO, SYDNEY – 6 January 2021 — Xpansiv, the global marketplace for ESG commodities, today announced first trades of the Core Global Emissions Offset™ (C-GEO™) contracts on Xpansiv market CBL, the world’s largest exchange for trading carbon credits, RECs, water, and Digital Fuels. First-day transactions totaled 127,207 mtCO2e (tons).

A total of 13 different companies traded the new contracts including Chevron USA Inc., Carbon Growth Partners, EKI Energy Services Ltd., Fathom Energy LLC, Mercuria Energy America, LLC, Radicle Group Inc., and Viridios Capital.

Read more: https://xpansiv.com/cbl-launches-core-global-emissions-benchmarks/

[Member in The News] ClearBlue Markets Welcomes Fiona Oliver-Glasford, President ClearBlue Markets

EMA Staff — Tue, 04 Jan 2022 14:16:44 GMT

ClearBlue Markets is excited to announce its new President, Fiona Oliver-Glasford. Fiona has joined the team with 20+ years of experience in energy and carbon.

Most recently, Fiona worked at South Africa’s Sasol as the VP, Low Carbon Energy Solutions. Prior to that, Fiona led a team accountable for Enbridge Gas Inc’s carbon compliance obligation originally captured through Ontario’s participation with California and Quebec in the Western Climate Initiative (WCI) and then subsequently through the Canadian Federal Carbon Pricing Program and Ontario’s Emission Performance System.

Read more: https://www.clearbluemarkets.com/post/clearblue-markets-welcomes-fiona-oliver-glasford-president-clearblue-markets

[Member in The News] 5 key insights from our new Energy Entrepreneurs: State of the Market Report

EMA Staff — Wed, 22 Dec 2021 19:35:48 GMT

In this year’s Energy Entrepreneurs: State of the Market report, we benchmark UK independent renewable generation capacity and explore the role of energy entrepreneurs across the generation, business and transport sectors in the push to net-zero. Here are five key insights from the report, which is now available to download in full or as a quick 5-minute digest.

Read more: https://www.smartestenergy.com/en_gb/info-hub/blog/5-key-insights-from-our-new-energy-entrepreneurs-state-of-the-market-report/

[Member in The News] NODAL AND INCUBEX EXPAND WORLD’S LARGEST EXCHANGE LISTED ENVIRONMENTAL DERIVATIVES SUITE TO 100 DISTINCT CONTRACTS

EMA Staff — Wed, 22 Dec 2021 16:20:47 GMT

Nodal Exchange and IncubEx today announced the upcoming launch of four brand new environmental futures on January 7, 2022, bringing the largest market for environmental products in the world to 100 futures and options contracts.

Pending regulatory review, Nodal will list physically-delivered futures contracts on:

California Carbon Offset 8 Futures
California Carbon Offset 0 Futures
Maine Class 1A REC Futures
Massachusetts CES-E Futures

Read more: https://theincubex.com/2021/12/nodal-and-incubex-expand-exchange-listed-environmental-derivatives-suite/

[Member in The News] 2021: A YEAR IN REVIEW

EMA Staff — Wed, 22 Dec 2021 15:41:45 GMT

With just a few days of 2021 left, we thought we’d highlight just a few moments from this past year that stood out to us here at Delta. Of course, we can’t capture it all in one blog post: every community workshop, every tree planted, every soil health test …

What we can share, however, is our gratitude for all our donors and partners who have supported this work throughout this past year–let alone those who have been supporting us for longer throughout Delta’s 23-year history of collaborating to solve complex environmental challenges!

Read more: https://delta-institute.org/2021-a-year-in-review/

[Member in The News] Scaling Global Climate Solutions

EMA Staff — Mon, 20 Dec 2021 15:09:29 GMT

A cultural shift has rippled across the global economy, sending every corporation, university, and government scrambling to address climate-change risks. It’s a movement that environmentalists have dreamed of, and an opportunity that Xpansiv market CBL has planned for.

The clearest path to immediate action involves voluntary emissions offset credits—a way for firms to help finance emissions-reduction projects while they determine how best to implement long-term, sustainable practices.}

Read more: https://xpansiv.com/scaling-global-climate-solutions/

[Member in The News] Glacier Bancorp, Inc. Completes Listing Transfer to the New York Stock Exchange

EMA Staff — Fri, 17 Dec 2021 13:29:35 GMT

NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that Glacier Bancorp, Inc. (NYSE: GBCI) has completed its listing transfer and will begin trading today as an NYSE-listed company.

Glacier Bancorp, the parent company for Glacier Bank and its bank divisions, will now be able to leverage all of the advantages of membership in the NYSE community.

Read more: https://ir.theice.com/press/news-details/2021/Glacier-Bancorp-Inc.-Completes-Listing-Transfer-to-the-New-York-Stock-Exchange/default.aspx

[Member in The News] Uniper, Vermilion Energy and Rockpoint Gas Storage Canada Ltd. Complete Certified Natural Gas Supply Agreement in Canada

EMA Staff — Thu, 16 Dec 2021 18:31:35 GMT

A consortium of energy industry companies has finalized an innovative gas supply agreement that will bring responsibly sourced natural gas, as certified by Equitable Origin’s EO100™ Standard for Responsible Energy Development, to end users. The supply agreement between international energy company Uniper, Calgary-based gas producer Vermilion Energy and Rockpoint Gas Storage on behalf of its wholesale natural gas supplier, Access Gas Services, is the first of its kind for Rockpoint and Uniper.

Read more: https://www.uniper.energy/news/uniper-vermilion-energy-and-rockpoint-gas-storage-canada-ltd-complete-certified-natural-gas-supply-agreement-in-canada

[Member in The News] ICE Announces Quarterly Rebalance Changes in the NYSE FANG+™ Index

EMA Staff — Thu, 16 Dec 2021 15:24:25 GMT

The NYSE FANG+™ Index is an equal-dollar weighted index with the objective of tracking the performance of highly traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors. It has historically included the key FAANG stocks — Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet) — as well as other related companies, including Alibaba, Baidu, NVIDIA, Tesla and Twitter.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Announces-Quarterly-Rebalance-Changes-in-the-NYSE-FANG-Index/default.aspx

[Member in The News] ICE Announces Annual Reconstitution Changes in the ICE Biotechnology Index

EMA Staff — Thu, 16 Dec 2021 13:17:16 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the annual reconstitution of the ICE Biotechnology Index (ICEBIO), which is effective before the open of trading on Monday, December 20, 2021.

The ICE Biotechnology Index tracks the performance of qualifying U.S. listed biotechnology companies classified within the Biotechnology Sub-Industry Group of the ICE Uniform Sector Classification schema, which is a multi-asset class industry classification taxonomy developed by ICE. The index includes companies that are engaged in the research and development of therapeutic treatments but are not focused on the commercialization and mass production of pharmaceutical drugs. The index also includes companies that are engaged in the production of tools or systems that enable biotechnology processes.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Announces-Annual-Reconstitution-Changes-in-the-ICE-Biotechnology-Index/default.aspx

[Member in The News] ClearBlue Markets Thankful for Another Award-Winning Year!

EMA Staff — Wed, 15 Dec 2021 16:25:13 GMT

ClearBlue Markets is honored to announce that as a result of your support, the Environmental Finance Magazine’s 22nd Annual Market Rankings recognizes our team with several accolades:

Best Advisory/Consultancy in North American Carbon Markets (All) and (California) for the fourth year in a row
Best Advisory/Consultancy in Chinese Carbon Markets for a second consecutive year
ClearBlue was also runner-up as Best Advisory/Consultancy in the EU ETS Carbon Market and Kyoto Project Credits (JI and CDM).

Read more: https://www.clearbluemarkets.com/post/clearblue-markets-thankful-for-another-award-winning-year

[Member in The News] ICE Expands Climate Change and Alternative Data Capabilities With Acquisitions of risQ and Level 11 Analytics

EMA Staff — Thu, 09 Dec 2021 19:39:32 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the acquisitions of risQ and Level 11 Analytics, which deploy sophisticated, data-driven technologies for managing climate change risk and expanding our alternative data capabilities in U.S. fixed income, municipal and mortgage-backed securities markets.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Expands-Climate-Change-and-Alternative-Data-Capabilities-With-Acquisitions-of-risQ-and-Level-11-Analytics/default.aspx

[Member in The News] Marex to expand Asia Pacific business with Australia office

EMA Staff — Wed, 08 Dec 2021 07:43:21 GMT

Marex has gained regulatory approval from the Australian Securities and Investment Commission (ASIC) to operate and open an office in Sydney, Australia.

Nick Burke, head of APAC Sales for Marex Solutions, will lead the team at Marex Australia to provide local clients with OTC derivative products to hedge commodity and foreign exchange price risk. This product set will then be expanded to include futures execution, clearing services and broader OTC offerings.

Read more: https://www.marex.com/news/2021/12/marex-to-expand-asia-pacific-business-with-australia-office/

[Member in The News] EEX Group Monthly Volumes - November 2021

EMA Staff — Tue, 07 Dec 2021 18:30:10 GMT

EEX Group today reports its November volumes including the following highlights:

Power:

Spot Intraday markets operated by EPEX SPOT up 17% y-o-y to 11.1 TWh with Nordic markets reporting a new high to 428.9 GWh (previous record in July 2020: 346.5 GWh).

Natural Gas:

European Natural Gas Spot markets reached a new high of 188.9 TWh (previous record in October 2021:178.5 TWh).

Read more: https://www.eex.com/en/newsroom/detail?tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=4101&cHash=909f83908ef5ee27f6f204716c61e5f6

[Member in The News] ICE Announces Senior Leadership Changes

EMA Staff — Mon, 06 Dec 2021 14:37:39 GMT

ATLANTA--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced a series of senior leadership changes across the company under Chief Executive Officer Jeff Sprecher that reflect the firm’s expansion in recent years and position it for continued growth in its third decade. The leadership changes, designed to continue delivering value for ICE customers, shareholders, and other stakeholders, draw entirely from deep and diverse talent within the organization, providing these leaders an opportunity to help grow the business in new ways and expand their management roles.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Announces-Senior-Leadership-Changes/default.aspx

[Member in The News] Irish Life Investment Managers Selects ICE Index for Irish Life Euro Sustainable Corporate Bond Fund

EMA Staff — Thu, 02 Dec 2021 16:20:08 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Irish Life Investment Managers (ILIM) has licensed an ICE ESG Fixed Income index, the ICE ILIM Sustainable Euro Corporate Bond Index, for its Irish Life Euro Sustainable Corporate Bond Fund.

The ICE ILIM Sustainable Euro Corporate Bond Index seeks to limit the inclusion of companies involved in controversial weapons, tobacco, thermal coal, arctic oil and oil sands, excludes the bottom 7% issuers according to ESG and carbon emissions criteria, and tilts index weights, taking into account company green and fossil fuel revenue.

Read more: https://ir.theice.com/press/news-details/2021/Irish-Life-Investment-Managers-Selects-ICE-Index-for-Irish-Life-Euro-Sustainable-Corporate-Bond-Fund/default.aspx

[Member in The News] ICE Expands Environmental Complex with the Launch of a Global Carbon Futures Index Contract

EMA Staff — Tue, 30 Nov 2021 19:14:30 GMT

LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch a futures contract based on the ICE Global Carbon Futures Index (ICE: CO2). The new futures contract is designed to offer the market a way to access and hedge a global price for carbon and is expected to launch in early 2022, subject to regulatory approval.

Additionally, following an index consultation and resulting methodology update, ICE UK Allowance futures (UKA futures) are expected to be added to the ICE Global Carbon Futures Index in January 2022, making it more reflective of global carbon markets.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Expands-Environmental-Complex-with-the-Launch-of-a-Global-Carbon-Futures-Index-Contract/default.aspx

[Member in The News] IncubEx Acquires Insurwave

EMA Staff — Wed, 24 Nov 2021 15:55:06 GMT

IncubEx, Inc. (“IncubEx”), a Chicago-based privately held company that designs and develops new financial products in global environmental, climate risk and related commodity markets, announces the acquisition of Insurwave Limited (“Insurwave”).

Insurwave is an insurtech platform that connects insurance buyers, brokers and insurers supporting the placement and servicing of specialty insurance. It was founded by Shackleton Holdings Limited (“Shackleton”), a wholly owned EY entity.

Read more: https://theincubex.com/2021/11/incubex-acquires-insurwave/

[Members in The News] ClearBlue Markets Welcomes Loni Pierce, Forest Carbon Analyst

EMA Staff — Mon, 22 Nov 2021 16:04:19 GMT

ClearBlue Markets welcomed Loni Pierce, our new Forest Carbon Analyst on November 22, 2021. Loni brings to the ClearBlue team a strong forestry and policy background having worked for the Ontario Ministry of Natural Resources and Forestry as a Policy Analyst on forest carbon, forest economy, and forest management & legislation. Currently, she also holds the position of 2nd VP of the Canadian Institute of Forestry.

Read more: https://www.clearbluemarkets.com/post/clearblue-markets-welcomes-loni-pierce-forest-carbon-analyst

[Members in The News] Russell Karas Joins Xpansiv as Head of Carbon Market Development to Expand Portfolio of Carbon Contracts

EMA Staff — Sun, 21 Nov 2021 17:36:00 GMT

SYDNEY, NEW YORK, SAN FRANCISCO, LONDON — Xpansiv, the global marketplace for ESG Commodities, today announced Russell Karas as Head of Carbon Market Development, joining the International Carbon team to expand the company’s portfolio of standardized carbon contracts.

“I’m overjoyed to be joining Xpansiv at this pivotal moment in the evolution of carbon markets,” Karas said. “My focus will be on building liquidity on Xpansiv market CBL, the number one marketplace for voluntary emissions credits, promoting transparency and integrity and expanding our customer base through sales and education efforts.”

Read more: https://xpansiv.com/russell-karas-joins-xpansiv-as-head-of-carbon-market-development/

[Members in The News] S&P Global Platts and Xpansiv Partner to Advance Price Transparency in Global Carbon Markets

EMA Staff — Thu, 18 Nov 2021 15:54:58 GMT

NEW YORK, LONDON — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, and Xpansiv, the global marketplace for ESG commodities, today announced an agreement to collaborate on the development and distribution of assessed daily closing prices for voluntary carbon market instruments. The agreement on international carbon accounting rules reached at COP26 provides a strong foundation to develop the collaboration.

The initiative will bring increased transparency, rigor, and integrity to the pricing of voluntary carbon market (VCM) assets, providing the market with greater confidence. It brings together Xpansiv’s expertise as the global leader in trading physical carbon offsets with Platts’ market-leading experience providing pricing transparency to the developing VCM markets.

Read more: https://xpansiv.com/sp-global-platts-and-xpansiv-partner-on-vcm-transparency/

[Members in The News] Intercontinental Exchange Publishes 2021 Corporate Responsibility Report

EMA Staff — Tue, 16 Nov 2021 12:31:00 GMT

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today released the company’s sixth annual Corporate Responsibility Report.

The report summarizes environmental, social and governance (ESG) highlights from 2020 and provides an update on the range of ICE’s ESG policies and metrics. This report also marks the first time that ICE worked with a third-party consultant to conduct a formal materiality analysis and solicited feedback from the company’s employees, customers, investors, suppliers, and communities to better understand what they view as ICE’s substantive ESG risks and opportunities.

Read more: https://ir.theice.com/press/news-details/2021/Intercontinental-Exchange-Publishes-2021-Corporate-Responsibility-Report/default.aspx

[Members in The News] Evolution Launches Net Zero Carbon Solutions Group (Evolution Markets)

EMA Staff — Thu, 11 Nov 2021 12:30:49 GMT

(November 11)

Evolution Markets announces launch of a suite of services designed to assist corporations and other institutions in defining and meeting voluntary objectives to reduce their carbon footprint.

The new division, Evolution Markets Corporate Environmental Solutions, will work with clients throughout their net zero carbon journey with a dedicated and tailored set of tools and technical services.

Read More: https://www.evomarkets.com/newsroom/market_insights/evolution-launches-net-zero-carbon-solutions-group

[Members in The News] Xpansiv Acquires SRECTrade to Scale Renewable Energy

EMA Staff — Thu, 11 Nov 2021 07:24:48 GMT

(November 03)

SYDNEY, NEW YORK, SAN FRANCISCO — Xpansiv Ltd., the global marketplace for ESG commodities, today announced the acquisition of SRECTrade, Inc., an environmental commodity management and transaction platform. SRECTrade is the leading aggregator of solar Renewable Energy Certificates (RECs), with a rapidly expanding business unit focused on clean transportation and Low Carbon Fuel Standard (LCFS) markets.

SRECTrade’s technology platform and presence in REC and LCFS markets complements Xpansiv’s rapidly expanding ESG-commodities platform, which includes environmental-portfolio management and CBL, the world’s largest exchange for RECs, carbon offsets, water, and digital commodity products.

Read More: https://xpansiv.com/xpansiv-acquires-srectrade-to-scale-renewable-energy-business/

[Members in The News] ICE Expands ESG Data Offering to 2 Million Fixed Income Securities

EMA Staff — Wed, 10 Nov 2021 14:30:00 GMT

(November 10)

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its Environmental, Social and Governance (ESG) Reference Data coverage now includes 2 million fixed income instruments. ICE’s ESG Reference data covers equity and fixed income securities across North America, Europe and Asia and adds transparency to allow users to better understand ESG risks and opportunities.

With the rise of sustainable investing, more and more investors have become focused on incorporating ESG data into their investment research and decision-making process. However, because of the complexity and size of fixed income markets, which the Institute of International Finance estimates are approximately three times the size of equity markets, many investors and other participants have not been able to view ESG metrics when it comes to identifying risks and potential growth opportunities in fixed income securities.

Read More: https://ir.theice.com/press/news-details/2021/ICE-Expands-ESG-Data-Offering-to-2-Million-Fixed-Income-Securities/default.aspx

[Members in The News] Evolution to Host REC Auction for Massachusetts Clean Energy Center

EMA Staff — Tue, 09 Nov 2021 12:25:24 GMT

(November 09)

On behalf of the Massachusetts Clean Energy Center, Evolution Markets will host an auction of renewable energy certificates (RECs) eligible for compliance under the Massachusetts renewable portfolio standard.

The auction of Vintage 2021 Massachusetts Class I Renewable Certificates will take place between 10:30 am EST and 12:00 pm EST on November 17, 2021. It will be conducted on Evolution Markets' online auction platform, EvoAuction.

[Members in The News] ICE Plans to Launch Four MSCI Climate Paris Aligned Index Futures Contracts

EMA Staff — Mon, 08 Nov 2021 16:00:00 GMT

(November 08)

NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the planned launch of four new index futures contracts based on the MSCI Climate Paris Aligned Indices. Subject to regulatory approval, the contracts are expected to launch in January 2022 on ICE Futures U.S.

The new U.S. dollar-denominated futures contracts are designed to help investors align with a net-zero world by using a variety of proprietary, key climate metrics and models, including climate value-at-risk, low carbon transition score and companies’ carbon emission reduction targets. The indices covered will be the MSCI World Climate Paris Aligned Index, MSCI USA Climate Paris Aligned Index, MSCI Europe Climate Paris Aligned Index and MSCI Emerging Market Climate Paris Aligned Index.

Read More: https://ir.theice.com/press/news-details/2021/ICE-Plans-to-Launch-Four-MSCI-Climate-Paris-Aligned-Index-Futures-Contracts/default.aspx

[Members in The News] Trayport and IncubEx are Working Together to Launch a Voluntary Climate Marketplace and an Electronic Platform for Trading Voluntary Carbon Offsets (IncubEx)

EMA Staff — Mon, 08 Nov 2021 12:32:33 GMT

(November 08)

Trayport Limited (Trayport), a wholly-owned subsidiary of TMX Group, and IncubEx, Inc. (IncubEx), a Chicago-based privately held company that designs and develops new financial products in global environmental, climate risk, and related commodity markets, today announced the forthcoming launch of a new global voluntary carbon marketplace.

The Voluntary Climate Marketplace (TVCM) operated by IncubEx, will offer best-in-class market access to trade voluntary carbon offsets to the growing base of stakeholders looking to achieve net-zero commitments around the world.

[Members in The News] Uniper’s operating business delivers strong nine-month performance

EMA Staff — Fri, 05 Nov 2021 14:00:00 GMT

(November 05)

Uniper recorded adjusted EBIT of €614 million in the first nine months of 2021. The prior-year figure was €405 million. The primary reason for the more than 50-percent earnings increase was a higher contribution of the international and gas mid-stream commodity business. Earnings were adversely affected by a price- and volume-driven increase in provisions for carbon allowances relative to the prior-year period. The provisions are mirrored by carbon hedging transactions that will be unwound in the fourth quarter of 2021. This effect therefore will not adversely impact adjusted EBIT for the year as a whole.

Earnings at the European Generation segment surpassed the prior-year figure. The segment benefited above all from the commissioning of Datteln 4 coal-fired power plant in late May 2020 and the return to commercial operations of Irsching 4 and 5 gas-fired generating units in the fourth quarter of 2020. Higher income from the UK capacity market also had a positive impact on earnings.

Read More: https://www.uniper.energy/news/unipers-operating-business-delivers-strong-nine-month-performance

[Members in The News] ICE to Launch its First Nature-Based Solutions Carbon Credit Futures Contract

EMA Staff — Fri, 05 Nov 2021 13:30:00 GMT

(November 05)

LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch its first Nature-Based Solutions (NBS) carbon credit futures contract.

Subject to regulatory approvals, the new futures contract is expected to launch in the first quarter of 2022. It will be traded and cleared by ICE in London and will physically deliver credits certified under Verra’s Verified Carbon Standard (VCS) and Climate, Community and Biodiversity (CCB) Standards Programs. Each futures contract will be equal to 1,000 eligible VCS credits with each credit equivalent to one metric ton of greenhouse gas emissions.

Read More: https://ir.theice.com/press/news-details/2021/ICE-to-Launch-its-First-Nature-Based-Solutions-Carbon-Credit-Futures-Contract/default.aspx

[Members in The News] Bracewell Honored as 2022 Law Firm of the Year in Energy Law and Oil & Gas Law by U.S. News ‒ Best Lawyers

EMA Staff — Thu, 04 Nov 2021 15:00:00 GMT

(November 4)

HOUSTON – Bracewell LLP has been named Law Firm of the Year in Energy Law and Law Firm of the Year in Oil & Gas Law in the 2022 U.S. News ‒ Best Lawyers® “Best Law Firms” report. Bracewell earned a total of 105 national and metropolitan rankings, including a national Tier 1 standing in 13 categories:

In addition, Bracewell earned 80 metropolitan rankings in Austin, Dallas/Fort Worth, Houston, New York, San Antonio, Seattle and Washington, DC, which included 44 Tier 1 regional rankings across the seven regions.

Read More: https://bracewell.com/news/bracewell-honored-2022-law-firm-year-energy-law-and%C2%A0oil-gas-law-us-news-%E2%80%92-best-lawyers%C2%AE

[Members in The News] ICE Connects to Adroit’s Execution Management System

EMA Staff — Thu, 04 Nov 2021 02:40:45 GMT

(November 03)

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that ICE Bonds has connected with Adroit Trading Technologies, a premier order and execution management system (OEMS) for sophisticated over-the-counter-focused buyside traders. ICE Bonds’ fixed income over the counter marketplace will provide Adroit users with deep liquidity and price discovery across multiple protocols, including portfolio trading, request for quote (RFQ) and click-to-trade.

“As fixed income markets continue to become more electronic and automated, market participants are searching for a combination of access to liquidity and an advanced execution platform,” said Peter Borstelmann, President of ICE Bonds. “Adroit’s trading technology provides seamless visibility and access to our leading data, analytics and liquidity pools, all in one consolidated view, which is a big benefit for our customers.”

Read More: https://ir.theice.com/press/news-details/2021/ICE-Connects-to-Adroits-Execution-Management-System/default.aspx

[Members in The News] CBL 2021 Carbon Volume Tops 100M Metric Tons

EMA Staff — Wed, 03 Nov 2021 15:00:00 GMT

(November 03)

SYDNEY, NEW YORK, SAN FRANCISCO — Xpansiv market CBL, the world’s largest exchange for trading carbon credits, renewable energy certificates (RECs), water entitlements, and digital fuels, today announced carbon credit volume passed 100 million metric tons year-to-date—a gain of 384% over the same period a year ago.

The growth reflects increasing demand from companies implementing net-zero programs to attain Paris Agreement goals, as well as an influx of corporates, financial institutions, offset project developers, and fund managers drawn to the exchange’s transparent order book, robust price discovery, and deep liquidity.

Read More: https://xpansiv.com/cbl-2021-carbon-volume-tops-100m-metric-tons/

[Members in The News] CBL to Launch Contract Aligned with Core Carbon Principles

EMA Staff — Tue, 02 Nov 2021 14:00:00 GMT

(November 02)

SYDNEY, NEW YORK, SAN FRANCISCO, LONDON — Xpansiv market CBL, the world’s largest spot exchange for energy and environmental commodities, has announced plans to launch the CCP-GEO, a standardized carbon offset contract specifically designed to align with the initial recommendations for Core Carbon Principles (CCP) defined by the Taskforce for Scaling Voluntary Carbon Markets. Xpansiv fully supports the CCPs and seeks to help drive an array of new voluntary market mechanisms to conform with CCP Working Group governance efforts.

“The CBL CCP-GEO contract will provide market participants with a tradeable instrument that covers a broad range of high-quality credits that align with the CCP,” said Henrik Hasselknippe, Xpansiv Head of XMarkets. “We designed this new contract to complement the GEO and N-GEO under our Standard Instruments Program and to help scale market supply and delivery of credible credits.”

Read More: https://xpansiv.com/cbl-launches-spot-contract-aligned-with-tsvcm-core-carbon-principles/

[Members in The News] Electricity trading hedge fund kWantix acquired

EMA Staff — Tue, 02 Nov 2021 12:00:00 GMT

(November 02)

Moody Aldrich Partners on Wednesday said it has acquired the assets of kWantix Trading LLC and kWantix Trading Advisors LLC, a Pittsburgh-based electricity trading hedge fund.

MAP, an asset management company based in Marblehead, Mass., also has entered into a long-term technology licensing agreement with kWantera Inc. kWantix was founded as a subsidiary of kWantera in 2014. kWantera utilizes advanced data science and predictive analytics technologies to forecast energy markets and build tools for companies that buy, sell or consume energy. Since January 2015, kWantix has used this technology to trade power in a hedge fund structure, buying and selling electricity in the day ahead and real-time power markets,

Read Here:https://www.bizjournals.com/pittsburgh/news/2016/11/02/electricity-trading-hedge-fund-kwantix-acquired.html

[Members in The News] Managing Director of Markets, Nicolas Girod to Speak at the Forestry & Agriculture Investment Summit

EMA Staff — Mon, 01 Nov 2021 15:00:00 GMT

(November 01)

ClearBlue Markets Managing Director of Markets, Nicolas Girod, will be speaking at the Forestry & Agriculture Investment Summit, taking place virtually on November 16 & 17, 2021. The conference will gather leading investors with an active or planned strategy for investing into forestry, agriculture and nature-based solutions and look at the methods, mechanisms and measurements for those investments.

Nicolas will join the Investing in Natural Forests panel at 1pm GMT

Read More: https://www.clearbluemarkets.com/post/managing-director-of-markets-nicolas-girod-to-speak-at-the-forestry-agriculture-investment-summit

[Members in The News] SmartestEnergy Limited in the UK have issued their Industrial and Commercial (I&C) business customers with Energy Labels, enabling them to evidence zero-carbon emissions for the renewable electricity they procure on a site-by-site basis.

EMA Staff — Fri, 29 Oct 2021 12:30:00 GMT

(October 29)

SmartestEnergy Limited in the UK have issued their Industrial and Commercial (I&C) business customers with Energy Labels, enabling them to evidence zero-carbon emissions for the renewable electricity they procure on a site-by-site basis.

For a sixth year running, SmartestEnergy Limited in the UK have distributed Energy Labels to their UK I&C customers’ sites, recognising their commitment to a net-zero carbon future and evidencing zero-carbon emissions for their renewable electricity procurement.

Read More: https://www.smartestenergy.com/en_gb/info-hub/company-news/smartestenergy-limited-issue-renewable-energy-labels-to-uk-ic-business-sites-to-evidence-zero-carbon-emissions/

[Members in The News] Two degrees too much: Clean hydrogen helps put planet on 1.5° path (StatKraft)

EMA Staff — Thu, 28 Oct 2021 14:00:00 GMT

(October 28)

Statkraft’s annual Low Emissions Scenario urges greater action to shift global course to come close to a 1.5-degree climate target. Renewables remain at the core of this strategy, but we won’t succeed without clean hydrogen, according to the report.

Read more: https://www.statkraft.com/newsroom/news-and-stories/archive/2021/two-degrees-too-much-clean-hydrogen-helps-put-planet-on-1.5-path/

[Members in The News] Bracewell Ranks Among Leading Law Firms in S&P Global’s Q3 2021 Energy and Utilities League Tables

EMA Staff — Wed, 20 Oct 2021 12:00:00 GMT

(October 20)

HOUSTON –Bracewell LLP ranked among the top legal advisors for energy and utilities transactions in the United States, Canada and Europe in S&P Global’s Q3 2021 league tables. Bracewell was #17 by number of deals and #18 by transactional value.

Read More: https://bracewell.com/news/bracewell-ranks-among-leading-law-firms-sp-global%E2%80%99s-q3-2021-energy-and-utilities-league-tables

[Members in The News] Ecoslops announces strategic partnership with Mercuria Energy Group

EMA Staff — Tue, 19 Oct 2021 16:00:00 GMT

(October 19)

Ecoslops, the cleantech that brings oil into the circular economy, is pleased to announce its agreement with Mercuria Energy Group, one of the largest global independent energy traders with a presence in 50 countries and more than US$100 billion of revenue.

Ecoslops and Mercuria will work jointly on a feasibility study for developing collection and recycling port infrastructure (Marpol Annex I) in the Middle East and South East Asia regions that would meet the highest standards of service and compliance using state-of-the-art technology.

Read Here: https://www.mercuria.com/media-room/business-news/ecoslops-announces-strategic-partnership-mercuria-energy-group

EMA's Market Principles Committee Releases Position Paper on Carbon Taxes v. Carbon Markets

Mon, 18 Oct 2021 16:51:27 GMT

[October 18, 2021 – Washington, DC) - The Market Principles Committee of The Environmental Markets Association (EMA) announced the release of their latest position paper in response to the growing discussion around Carbon Taxes. The article co-authored by Christian Hofer of Sol Systems, Ryan Andre of C-Quest Capital, and Ken Nelson of Blue Delta Energy outlines and describes the advantages of carbon markets over carbon taxes as a market-based policy mechanism for reducing carbon emissions.

As Benjamin Franklin famously wrote, "Nothing is certain except death and taxes in this world." During the Earth's climate crisis and the beginning of what scientists are calling the sixth mass extinction of biodiversity, failure to solve the problem of excess greenhouse gas emissions ("carbon emissions") will certainly lead to more of the former. But does humanity's attempt to reduce carbon emissions need to result in the latter?

"The EMA Market Principles Committee is pleased to release this article discussing the advantages of carbon markets," said Christian Hofer, Chair of The Market Principles Committee. "Thoughtful market design is a critical aspect of successful market-based solutions. We hope that this article increases awareness and encourages more debate about the types of economic and environmental policies that the world is pursuing to solve the problem of climate change."

Click here to read: "Carbon Taxes v. Carbon Markets: The Easy or the Right Way?

EMA strongly supports the utilization of markets to achieve environmental policy goals. Well-designed markets yield many benefits, including, but not limited to, transparent price signals determined through competition, risk mitigation opportunities, incentives for technological innovation, efficient allocation of capital and resources, investor certainty, and ratepayer protection. To that end, EMA endorses the following principles for meeting environmental policy goals through market-based programs:

• Tradeable Products

• Market-Based Pricing

• Market Design that Fosters Transparency, Competition, and Liquidity

• Market Oversight

• Market Integrity and Stability

Click here to learn more about EMA's Market Principles.

ABOUT THE MARKET PRINCIPLES COMMITTEE

EMA's Market Principles Committee focuses on identifying and advancing market-based principles adopted by EMA through developing and disseminating educational resources and informational toolkits for EMA members and environmental market stakeholders.

ABOUT THE ENVIRONMENTAL MARKETS ASSOCIATION (EMA)

EMA is a 25-year-old pro-environment, pro-business, and pro-competitive markets industry trade association. Its mission is to promote open, competitive, and tradable market-based solutions to solve environmental challenges using environmental commodities and financial instruments while simultaneously supporting sustainable economic development. The EMA does this through education, advocacy, and networking opportunities for its members and the public. Join us today at www.enviromarkets.org.

ABOUT CHRISTIAN HOFER, LEAD AUTHOR – Mr. Hofer is an EMA Board of Director and serves as Chair of the Market Principles Committee, which aims to increase awareness about the advantages of market-based solutions for achieving sustainable development. He is a Senior Director of Trading at Sol Systems, a leading renewable energy infrastructure developer in North America. Prior to his role at Sol Systems, he led corporate development for Skystream Markets, a firm dedicated to building environmental commodity trading platforms. Mr. Hofer has over a decade of experience transacting in environmental and capital markets. He holds a BS in Finance from the University of Connecticut School of Business, where he also published an economic thesis on the use of carbon offsets for implementing reforestation.

ABOUT RYAN ANDRE, CO-AUTHOR – Mr. Andre is Deputy General Counsel at C-Quest Capital, a social impact project developer headquartered in Washington, D.C., utilizing carbon finance to provide access to clean energy technologies in countries across Sub-Saharan Africa, Central America, and Southeast Asia to reduce greenhouse gas emissions and improve the health and welfare of those in need. Mr. Andre's background is in domestic and international environmental law and policy. Prior to his work with C-Quest Capital, Mr. Andre worked in private practice supporting and advising clean-tech companies on a diverse set of business and regulatory issues, including environmental markets, biofuels, renewable energy generation, and advanced recycling. He has a master's degree in environmental policy from Cambridge University and a juris doctor from Vermont Law School.

ABOUT KEN NELSON, PEER REVIEWER AND CONTENT CONTRIBUTOR – Mr. Nelson is an EMA Board of Director and serves as Chair of the Policy Advocacy Committee, which serves as the clearing house for identifying, reviewing, and approving any action on policy matters as it pertains to local, regional, state and federal policy that impacts EMA and its members. He is the co-founder and president of Blue Delta Energy, a firm that engages across the many environmental markets and advocates for policy frameworks to ensure its clients achieve their clean energy and emission reduction goals. He has traded the North American energy and environmental markets since 1989 and has extensive experience in power, transmission congestion, capacity, propane, natural gas, biofuels, RECs, energy efficiency credits, RINs, LCFS credits, carbon allowances and carbon offsets. Prior to co-founding Blue Delta, Mr. Nelson led the renewables desk at Element Markets. He has also worked at Sempra Energy Solutions, Citigroup, TransAlta, Dynegy, PG&E Energy Trading, and Texaco. He holds a BS in Computer Science and Engineering from the University of Illinois at Urbana and an MBA in Finance and Business from the University of Houston.

Article feedback is welcome and may be submitted to the following address: feedback@enviromarkets.org.

[Members in The News] LS Power Announces Global Clean Energy Leader SK E&S Co. Investment in REV Renewables

EMA Staff — Mon, 18 Oct 2021 13:30:00 GMT

(October 18)

LS Power and SK E&S also announce the formation of a strategic task force to identify additional clean technology opportunities

LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, today announced that SK E&S Co., Ltd. (“SK E&S”), a global leader in clean energy solutions headquartered in Seoul, South Korea, will become an equity investor in REV Renewables, LLC (“REV”), an LS Power company focused on the development, acquisition and operation of renewables and energy storage.

Read More: https://www.lspower.com/ls-power-announces-global-clean-energy-leader-sk-es-co-investment-in-rev-renewables/

[Members in The News] Marex to Acquire Volcap Trading

EMA Staff — Thu, 30 Sep 2021 15:30:00 GMT

(September 30)

In this fascinating podcast, Marex’s Anna Stablum and Marcel Dietsch, Head of Quantamental Analytics, discuss the impact of higher energy costs on metal markets, ESG and decarbonisation, and Marcel’s latest Nowcast research on stagflation, with reading for Q3 at high levels, which he describes as a “bad economic cocktail…”

Read more :https://www.marex.com/news/2021/09/metals-minutes-30-september-2021/

[Members in The News] Duke Energy delivers $170,000 in grants to organizations that preserve, enhance North Carolina’s natural resources

EMA Staff — Tue, 28 Sep 2021 14:00:00 GMT

(September 28)

CHARLOTTE, N.C. – The Duke Energy Foundation has awarded $170,000 in nature grants to support a wide range of environmental initiatives across North Carolina, funding stewardship and educational programs that help communities protect their natural resources and mitigate the effects of climate change.

Since 2015, the Duke Energy Foundation has awarded more than 150 nature grants in North Carolina totaling nearly $7 million, investing in and working beside environmentally focused community partners to protect and increase access to the state’s natural resources.

Read More: https://news.duke-energy.com/releases/duke-energy-delivers-170-000-in-grants-to-organizations-that-preserve-enhance-north-carolinas-natural-resources?_ga=2.212889169.438037049.1635840381-1995911813.1624931765

[Members in The News] Marex to Acquire Volcap Trading

EMA Staff — Tue, 28 Sep 2021 14:00:00 GMT

(September 28, 2021) - Marex has agreed to acquire Volcap Trading (‘Volcap’), which will further expand the group’s offering in bespoke structured products and commodities.

Since it was established in 2015, Volcap has built an award-winning soft commodity and bespoke structured product business that designs, structures and implements investment strategies across a wide range of financial assets. The business operates out of offices in London and Paris, with 19 employees and an extensive network of corporate customers, private banks, asset managers and family offices clients across Europe, Middle East, Asia and the Americas.

Read More Here: https://www.marex.com/news/2021/09/marex-to-acquire-volcap-trading/

McComb, Nelson, and Titus Elected to EMA Board

Tue, 28 Sep 2021 12:57:48 GMT

(September 28, 2021) - The Environmental Markets Association (EMA) is proud to welcome Stephen McComb of IncubEx and Lance Titus of Uniper as new Board members. Ken Nelson of Blue Delta Energy was re-elected to serve another three-year term with the Board.

“As a volunteer-run organization, we rely heavily on our members to create new initiatives and programs within our three committees: Events, Policy Advocacy, and Market Principles.EMA is in a key position to make significant impacts in the industry and we are excited to leverage the energy and insights of our new Board members while building off of the foundation set by our existing Board,” said EMA Board President, Jack Velasquez of Marex Spectron.

Dan Scarbrough of IncubEx after three consecutive terms, most of which were served as the Treasurer of the Board, will be passing the baton during the formal Board transition on October 12th at EMA’s 25thAnnual Meeting.

Current EMA Board Members include Jack Velasquez of Marex Spectron, Sean Barwin of CBL Markets, Christian Hofer of Sol Systems, and Joe Roenbeck of PSEG.

About EMA

About Stephen McComb, IncubEx

Stephen McComb is a Chicago-based economist and environmental and energy executive who currently serves as a senior vice president of IncubEx. McComb joined IncubEx in 2019 as a senior vice president. He spent six and a half years at the Intercontinental Exchange in environmental market roles after it acquired the Chicago Climate Exchange in 2010. McComb has also serve as an economist for the State Utility Forecasting Group at Purdue University. He has also been a member of the Ontario Energy Board. McComb served in the Canadian armed services for three years as an infantryman.

About Ken Nelson, Blue Delta Energy

Ken Nelson brings a uniquely broad perspective to the REC market. He has traded the North American energy markets since 1989 in biofuels, propane, natural gas and power and has been active in RECs as a supplier, aggregator and compliance buyer. Ken has experience in a number of compliance and voluntary environmental credit markets, including Energy Efficiency Credits, RINs and LCFS Credits, Greenhouse Gas Credits and Offsets, and Federal Emission Reduction Credits. During more than 20 years in physical and financial energy markets, Ken has managed regional power desks (where he traded the term, spot, speculative, and asset books); and traded natural gas, power, transmission congestion, capacity, emissions, and renewable energy credits. His experience spans every NERC power region and North American gas region, including Canada and Mexico. Prior to co-founding Blue Delta, Ken led the renewables desk at Element Markets. Ken also has worked at Sempra Energy Solutions, where he was a regional pricing director, and at Citigroup, TransAlta, Dynegy, PG&E Energy Trading, Enron, and Texaco. He holds a BS in Computer Science and Engineering from the University of Illinois at Urbana and an MBA in Finance and Business from the University of Houston.

About Lance Titus, Uniper

Mr. Lance Titus serves as Managing Director of Business Development, Origination and Structured Transactions at Uniper Global Commodities. He has over twenty years of commodities trading, structuring and risk management experience. Having held senior leadership roles from Wall Street to the energy industry, working for an investment bank, as well as for leading utilities, unregulated entities and merchant energy firms. He has transacted over $15 Billion in deals across the energy and environmental commodity markets with a sector focus in electricity, natural gas, renewables, carbon and emissions. Mr. Titus has been a featured panelist at Bloomberg’s “The Future of Energy Summit” in New York, and also serves as an adjunct professor for the course, “Foundations of Commodities” at the University of Colorado Denver. Mr. Titus holds an MBA from the University of Denver, Daniels College of Business. and a B.S. degree in Finance and Marketing from Clarion University. He serves on the Advisory Board of cQuant.io, is a member of the J.P. Morgan Center for Commodities Advisory Council, serves on its Research Council and is a member of the Global Commodities Applied Research Digest Editorial Advisory Board.

[Members in The News] H1 2021 Performance (Marex)

EMA Staff — Tue, 28 Sep 2021 10:30:00 GMT

(September 28, 2021) - These results reflect the ongoing execution of our growth strategy and the energy and dedication of our people, and I am pleased that we are delivering on the commitments we made earlier this year.

Marex is reaping the benefits of the strategic diversification of our revenues, across products and markets and our ongoing expansion into new, value-add areas which complement our core businesses. This means that we are able to offer our clients a compelling one-stop-shop solution and grow our market share.

Read More Here: https://www.marex.com/news/2021/09/h1-2021-performance/

[Members in The News] Lilac Solutions Announces $150 Million Series B to Scale Lithium Supply for the Electric Vehicle Era (Mercuria)

EMA Staff — Fri, 24 Sep 2021 12:00:00 GMT

(September 24, 2021) - Lilac Solutions, a lithium extraction technology company, announced today the first close of a $150 million Series B financing led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates, Inc.

Additional new investors include Mercuria Energy Trading and Valor Equity Partners; existing investors Breakthrough Energy Ventures and The Engine also participated in the round.

Read More Here: https://www.mercuria.com/media-room/business-news/lilac-solutions-announces-150-million-series-b-scale-lithium-supply

[Members in The News] Xpansiv Completes US$100 Million Capital Raise

EMA Staff — Thu, 23 Sep 2021 13:30:00 GMT

(September 23, 2021) - Xpansiv, the global marketplace for ESG commodities, today announced its successful capital raise from new and existing investors. The company had targeted US$50 million to fund growth initiatives but increased the round to US$100 million to accommodate significant demand.

“We are extremely pleased with the oversubscribed outcome,” said Xpansiv Executive Chairman Will Stewart. “It is our pleasure to welcome high-quality investors, including Clean Energy Finance Corporation, Commonwealth Bank of Australia, Hartree Partners, Wilson Asset Management, and many others who have participated along with Xpansiv’s current investors.”

Read more here: https://xpansiv.com/xpansiv-completes-us100-million-capital-raise/

Google, Microsoft and Many More to Speak at EMA's 25th Annual Meeting

Wed, 22 Sep 2021 15:45:43 GMT

We are excited to share our all-star line up of industry experts for EMA's 25th Annual Meeting on October 12 & 13, 2021. Join us in Austin or from the comfort of your screen.

Hear from the following panelists and presenters:

Maud Texier, Head of Energy Development, Google
Brian Rybarik, Director, Energy Markets, Microsoft
Ben Gerber, M-RETS
Ali Shajrawi, Manager Environmental Markets & Trading, LS Power
Michael Leschke, Director, Certification Programs, Center for Resource Solutions
Michael Enger, City of Austin
Bob Shults, Head of North American Markets, Xpansiv
Stephanie Harris, Director Carbon Markets, 3Degrees
Scobie Mackay, Macquarie
Matt Lithgow, Carbon Pulse
Adam Raphaely, Mercuria
Natasha Beilstein, Manager of Renewable Fuels Market, WM Renewable Energy

Sessions Include:

Net Zero to Negative: How Big Tech Is Pushing Into The Next Frontier Forum (45 minutes)

When you are Google and Microsoft, you think big. Hear how these tech giants are going well beyond the popular climate pledges to set new carbon standards. Google is pushing for 24/7 carbon-free energy while Microsoft is going carbon negative. What will it really take for these global companies and what will be the role of environmental markets to get there? Sometimes it takes negative thinking, 24/7.

Breaking Down the Complexities of Hourly REC Markets (15 minutes)

As corporates and even some governments look at a 24/7 renewable market, how will the existing market evolve to meet these demands. M-RETS was the first REC tracking system to complete an hourly retirement in collaboration with Google, and this discussion will explore hourly RECs as well as thoughts on clean peak standards and other programs that rely on more granular market data.

The Great REConing: How RECs are Emerging (75 minutes)

As states and companies get more aggressive on renewable targets, compliance and voluntary REC markets are showing unprecedented growth. Our panel of RECsperts will explore these ever-changing markets and what is driving them today and, in the year, ahead. Just how big can RECs get?

Updates in Offshore Wind & What it Means for the Market (30 minutes)

The Mechanics of Digital Natural Gas and the Methane Performance Certificate (15 minutes)

The market for responsibly sourced fuels is growing. New standards, improved GHG measurement, and evolving best practices now enable producers to issue digital assets, including Digital Natural Gas, that precisely quantify the environmental impact of their production methods and facilities, including methane emissions intensity, other GHG attributes, and water usage. This presentation will review the mechanics of Digital Natural Gas (including the Methane Performance Certificate) and provide practical insights gleaned from producers, marketers, and utilities involved in recent transactions.

Summer Of Fun: Carbon Markets Drivers and Dives (60 minutes)

This past summer, North American carbon markets were on a tear. CCAs, RGGI and Voluntary Carbon markets not only posted record prices but attracted new, influential participants as well. Our panelists will dissect and debate the who, what, why and where of carbon markets. What role will policy play? What's next for compliance and voluntary carbon markets? What impacts might EUAs have on North American carbon? And just who or what could sink these markets in the coming months?

Page Turner: Writing the Renewable Fuels Thriller (60 minutes)

Like every good suspense novel, renewable fuels markets are full of promise, politics, conflict and potential. Our panel of renewable fuels experts will provide an in-depth examination of what is happening at the state level in California, Oregon and soon enough in Washington, and contrast that with the topsy-turvy EPA markets. What is next for the West Coast LCFS markets and might we see the beginnings of a regional market? What policy moves will the EPA make in the near-term? And is there a national LCFS program taking shape? How might the EV trend impact all of this? This is a story with twists and turns that will keep you on the edge of your seat.

Don't miss out on this amazing opportunity to take part in the conversations shaping the future of environmental markets. Register Today!

[Members in The News] Duke Energy Sustainable Solutions announces its first wind energy project in Iowa – 207-MW Ledyard Windpower

EMA Staff — Tue, 21 Sep 2021 12:00:00 GMT

(September 21, 2021) - Duke Energy Sustainable Solutions,* a nonregulated commercial brand of Duke Energy (NYSE: DUK), today announced the construction of the 207-megawatt (MW) Ledyard Windpower project in Kossuth County, Iowa. This will be the company’s first renewable energy project in the state.

To support Verizon’s net-zero goals, it has entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy generated by Ledyard Windpower.

Read More Here: https://news.duke-energy.com/releases/duke-energy-sustainable-solutions-announces-its-first-wind-energy-project-in-iowa-207-mw-ledyard-windpower?_ga=2.189155499.1620519128.1632545213-1995911813.1624931765

[Members in The News] 3Degrees and New Energy one bring Idaho biogas-based electricity to California electric vehicles

EMA Staff — Mon, 20 Sep 2021 15:30:00 GMT

(September 20)

New Energy One (NEO), jointly owned by Meridiam, an independent investment Benefit Corporation under French law and an asset manager, and an affiliate of Sevana Bioenergy, a California-based anaerobic digestion project developer, announced today the completed transaction of negative Carbon Intensity (CI) electricity supply from their Idaho-based dairy digester facility for use in electric vehicles in California. The sale is one of the first of its kind and hints at a growing trend of biogas facilities transitioning to electricity to support the decarbonizing California transportation market.

3Degrees, a firm that helps organizations achieve renewable energy and decarbonization goals, worked with NEO to determine the best strategy for maximizing the benefit of the power it generates. Through this joint effort, 3Degrees purchases the power from the NEO facility, wheels it into the California market, and matches it with electric vehicle chargers in order to generate credits under California’s Low Carbon Fuel Standard (LCFS). To enable this, 3Degrees managed the Tier 2 pathway approval process with the California Air Resources Board (CARB), including the modeling and validation process required for NEO’s negative carbon-intensity score.

[Members in The News] Xpansiv Completes Landmark Digital Natural Gas™ Transaction with Methane Certification

EMA Staff — Wed, 01 Sep 2021 12:00:00 GMT

(September 1, 2021) - Xpansiv, the global market for Intelligent Commodities™, today announced the completion of its first Digital Natural Gas transaction through the Xpansiv Registry.

Xpansiv’s Digital Natural Gas (DNG™) is part of a new asset class that conforms to the Digital Fuels Governance Framework, enabling markets to differentiate natural gas based on methane-emissions intensity and other critical metrics. Facilitated by global financial services group Macquarie, the DNGs were generated and registered on the Xpansiv platform by Pacific Canbriam Energy and transferred to Energir, a Montreal-based utility and energy services provider.

Read more here: https://xpansiv.com/xpansiv-completes-landmark-digital-natural-gas-transaction/

[Members in The News] Nodal Exchange and IncubEx Collaborate to Launch Ten First of Their Kind Renewable Futures & Options

EMA Staff — Tue, 31 Aug 2021 03:42:17 GMT

(August 30, 2021) - Nodal Exchange and IncubEx announced today the upcoming launch of ten new Renewable Energy Certificate (“REC”) futures and options contracts, adding to the world’s largest suite of environmental products.

Pending regulatory review, Nodal will list the following first-ever listed futures and options on September 8, 2021:

NAR Registered Renewable Energy Certificates from CRS Listed Wind Energy Facilities
NAR Registered Renewable Energy Certificates from CRS Listed Solar Energy Facilities
Maine Class 2 Renewable Energy Certificates
Maryland Compliance Tier 2 Renewable Energy Certificates
California Portfolio Content Category (PCC) 3 Renewable Energy Certificates

Each NAR CRS Wind and Solar contract represents renewable energy produced from North American Renewables Registry™ (“NAR”) registered facilities listed with the Center for Resource Solutions (“CRS”) in connection with the administration of its Green-e® certification programs. These Wind and Solar REC contracts complement existing voluntary REC products on Nodal. These include Texas Compliance Wind and Solar RECs from CRS Eligible Listed Facilities and M-RETS® RECs from CRS Listed Wind Energy Facilities.

Read more here: https://theincubex.com/2021/08/nodal-exchange-and-incubex-collaborate-to-launch-ten-first-of-their-kind-renewable-futures-options/

[Members in The News] N Solar and Cozad Cut the Ribbon at City’s New Solar Energy Facility (Sol Systems)

EMA Staff — Tue, 17 Aug 2021 12:00:00 GMT

(August 17, 2021) - Today, the City of Cozad and N Solar cut the ribbon on a 2.4 MWdc solar energy system that will provide power directly to the city’s electric utility. The system is located at 2nd and Monroe Streets will provide enough electricity to power 400 homes annually.

Although the City contracts its power through Nebraska Public Power District, it can generate up to 2.4 MWdc of its power on its own, opening the possibility for the City to add solar energy to its portfolio. The City’s utility will purchase energy from the array at a fixed-price over a 30-year period providing energy savings and protection from price volatility present in a typical retail electricity contract.

Read more here: https://www.solsystems.com/news/n-solar-and-cozad-cut-the-ribbon-at-citys-new-solar-energy-facility/

[Members in The News] Uniper’s operating business delivers stable performance. Earnings forecast for 2021 affirmed

EMA Staff — Fri, 13 Aug 2021 13:30:00 GMT

(August 13, 2021) - Uniper recorded adjusted EBIT of €580 million in the first half of 2021. The prior-year figure was €691 million.

The main reason for the decline was a price- and volume-driven increase in provisions for carbon allowances relative to the prior-year period. The provisions are mirrored by carbon hedging transactions that will be unwound in the fourth quarter of 2021. This effect therefore will not adversely impact adjusted EBIT for the year as a whole. The underlying business is stable.

Read more here: https://www.uniper.energy/news/unipers-operating-business-delivers-stable-performance-earnings-forecast-for-2021-affirmed

[Job Posting] - Director, Programs (Delta Institute)

Thu, 12 Aug 2021 13:40:35 GMT

Thriving Communities. Thriving Landscapes. Action and impact are core to Delta as we strive to create a Midwest and Great Lakes region with a healthy environment, robust economy, and vibrant communities. Delta creates programs that show how policies, ideas, and resources can be harnessed for a more sustainable and resilient region. We take a systems view on how businesses, communities, and government and are impacted by the environment and economy and create comprehensive solutions that pull these pieces together. Delta is proud to have a multidisciplinary team, and we strive to attract a diversity of experience, skillsets, and perspectives to enable us to challenge assumptions and create new approaches to long-standing problems.

Functional Hive – Programs

All Midwest communities and landscapes thrive through an integrated approach to environmental, economic, and social challenges. Our work is organized into distinct initiatives that move our mission forward, clearly define our work, and articulate impact. The programs functional hive strives to successfully address the challenges and creatively assist in sustainable solutions.

Core Skillset

A Director manages and provides leadership to a staff team delivering projects in multiple program areas, multiple administrative or organizational development functions or manages the day-to-day implementation of multiple programs for the Delta Institute. Directors play key leadership roles representing the organization, developing new programs and obtaining funding and other resources for the work within their assigned responsibilities. Other core skillset attributes are:

Lead and strategize programs team and projects
Lead, direct and advise team with programmatic implementation
Articulate a vision for meeting Delta’s mission in strategic priority areas
Work in a timely and collaboratively manner on multiple deliverables
Developing new strategies that advance Delta and its mission
Manage multiple aspects of Delta’s work portfolio
Have strong analytical and problem-solving skills as well as written and verbal skills
Have advanced knowledge of environmental and economic issues not only in the Great Lakes region but globally

Director, Programs

Position Specifics

A Director provides strategic, technical, programmatic and analytical leadership for Delta’s programs team. A Director provides leadership and mentorship to their team and is accountable for all activities and processes for their functional area. A Director provides oversight and management to initiative Leads and all functional hive staff to ensure the delivery of high-quality, on-time, and on-budget work scopes. A Director stewards the implementation of the strategic plan, and works closely with the CEO to create, implement, and iterate effective strategies to meet the goals of the organization. A Director serves as a member of the executive leadership team and collaborates with other Directors and Chiefs on a consistent basis to identify organizational issues for continuous improvement and impact. In this role, they collaborate with the CEO, other Directors and project teams to implement tasks as assigned. A Director raises funds for implementing project work that creates impact on Delta’s strategic priority areas and serves as an external representative of the organization A Director is accountable for the management and implementation of their budget for their entire portfolio.

A Director should be at home tackling difficult environmental and social problems with often unclear paths to success or take iterative approaches with a long-term goal of seeking solutions to larger social and environmental issues. They will also need to be comfortable working by yourself, with multiple types of personalities, on tight deadlines, in ambiguous and circuitous circumstances, and have an overall positive outlook on the change that can happen in the world. A Director will also be expected to provide and accept feedback, welcome and adapt to change, challenge the status quo and be committed to the success of others.

As part of a truly multidisciplinary organization, a Director will also interface and support other projects that require unique skills and knowledge; and, have a knack translating complex ideas to a variety of audiences both internally and externally.

What you’ll be doing:

Program Development and Implementation

Develop and lead the strategy for one or more the program areas of Delta Institutes Strategic and Implementation Plans
Develop business plans to support the operations for the implementation team
Lead, direct and advise implementation team on programmatic initiatives, deliverables, budget and development
Identify development opportunities to advance innovative new programs and services to achieve Delta’s mission
Conceptualize and develop proposals and engage team members in proposal development
Manage multiple projects as necessary to ensure high quality deliverables and on time and on budget completion
Work closely with Program Leads to develop work plans with tasks, timeframes, milestones, resources, and dependencies
Facilitate collaboration and knowledge sharing across the team
Keep informed of key policies and environmental, economic and social conditions that affect the organization. Understand near-term and long-range plans and determine how to best be positioned to achieve the mission

Financial Management

Understand Delta’s strategic areas and identify revenue sources to drive the vision
Plan, develop and accomplish budgets for programmatic work
Oversee efficient allocation of resources in conjunction with other team members
Communicate financial status and obligations of projects to CEO and management team

Staff Management

Inspire, motivate and guide others toward goal accomplishments. Encourage and facilitate cooperation within the organization and with stakeholder groups
Support an inclusive environment where diversity and innovation are valued and embrace a culture of continuous learning
Mentor staff and model productive working relationships

Relationship Management

Grow and maintain key professional affiliations in support of organizational and professional development goals
Leverage talents and networks of board members and key stakeholders to build organizational support and growth
Communicate and manage relationships with clients and stakeholders

What you’ll have:

Minimum of a Bachelor’s degree in environmental science or related field with Master’s degree desirable or equivalent experience;
At least 10 years of management experience
Strong record of accomplishment as an effective manager and a skillful, innovative leader capable of delivering results
Deep knowledge of environmental and economic development
Strong demonstrated fundraising experience and/or earned income generation with the ability to engage a wide range of stakeholders including government, foundations, corporate sponsors, and practitioner groups
Ability to create and nurture a culture of continuous learning, personal accountability, creative problem solving, and collaboration.
Excellent written and verbal communications skills
Ability to motivate and inspire high performing staff teams, boards and committees, and partners
Knowledge of and a base of relationships with key stakeholders in the Great Lakes region
Integrity, positive attitude, mission-driven, and self-directed with demonstrated passion for Delta’s mission and commitment to working collaboratively with a leadership team
Be able to work in a fast-paced environment, manage multiple tasks and deadlines, and manage work in sometimes ambiguous situations

Core competencies are the values and defined behaviors that we believe are central to the ability of every employee to do the work of the Delta Institute. These core competencies are a combination of knowledge, skills and behaviors that are the mark of a good Delta employee. Core competencies are a distinguishing characteristic of Delta employees for our clients, customers and stakeholders. They are a visible demonstration of our shared values and are evident in how we work together. Individuals can be at different levels of ability on a specific core competency which is why we measure ability each year and provide feedback and development suggestions.

All Delta employees have these core competencies:

Adaptive
Cooperative
Equitable
Passionate
Pragmatic
Transparent
Tenacious

Physical Demands and Work Environment

Continually required to sit
Continually required to utilize hand and finger dexterity
Continually required to climb, balance, bend, stoop, kneel or crawl
Continually required to talk or hear
While performing the duties of this job, the noise level in the work environment is usually moderate
The employee must occasionally lift and /or move up to 10 pounds

Please email application packet (one PDF) that includes the following:

cover letter
resume

All as one PDF to: careers@delta-institute.org
Subject line: Director, Programs
Application submission due date: 8/30/21
No phone calls, please.

https://delta-institute.org/position/director-programs-apply-2021/

[CALL FOR NOMINATIONS] EMA Board of Directors

EMA Staff — Fri, 06 Aug 2021 15:12:26 GMT

Call for EMA Nominations: Board of Directors

The Environmental Markets Association Nominating Committee is currently accepting nominations for three positions on the EMA Board of Directors.

Terms expiring at the Annual Meeting (October 11-13, 2021 in Austin, TX) are Daniel Scarbrough, IncubEx and Ken Nelson, Blue Delta Energy.

Your suggestions as to possible candidates may be sent in writing to the Nominating Committee via EMA’s Executive Director Lauren LeMunyan no later than August 27, 2021.

Nominees must be dues paid members of the EMA (Green, Bronze, Silver or Gold level). Elections will be held electronically prior to the 25^th Annual Meeting and the terms of the elected directors will begin immediately following the meeting.

[Members in The News] McDonald’s and eBay team up with Lightsource bp to power US operations with solar (3Degrees Inc.)

EMA Staff — Wed, 04 Aug 2021 12:00:00 GMT

(August 4, 2021) - McDonald’s Corporation and eBay Inc. today announced agreements with Lightsource bp to purchase power from what will be Louisiana’s largest solar project, located 30 miles northwest of Baton Rouge in Pointe Coupee Parish.

The 345 megawatt Ventress Solar project will help McDonald’s and eBay meet their sustainability goals and advance their commitment to climate action, while growing Lightsource bp’s expanding footprint of solar assets across the Southeast.

Read more here: https://3degreesinc.com/news/mcdonalds-and-ebay-team-up-with-lightsource-bp-to-power-us-operations-with-solar/

[Job Posting] Lead of Environmental Commodities Strategies and Operations (Sol Systems)

EMA Staff — Tue, 03 Aug 2021 14:19:18 GMT

Lead of Environmental Commodities Strategies and Operations

Sol Systems is seeking an Environmental Commodities Strategy & Operations Lead to help manage and grow Sol’s portfolio of SRECs, RECs, LCFS, and other commodities. This is an ideal position for an experienced manager with a proven track record in shaping expansion strategies and building partnerships in environmental commodity markets as well as a high-level understanding of the operational mechanics of trading platforms. This position will be at a Director, Senior Director, or VP level based on the candidate’s experience level.

Sol Systems is a solar energy project development and financial services company with a national footprint and a diverse customer, investor, and partner base. It has financed or developed over $2 billion of solar energy assets to date. As a leading renewable energy developer, financier, trader and operator, Sol empowers entrepreneurs to have a meaningful impact on the world with a focus on catalyzing the development and operation of sustainable infrastructure.

Over the last decade the company has evolved its environmental commodity desk to build a leading solar development company serving Amazon, Walmart and a number of the Fortune 500 companies, and one of the largest solar infrastructure funds in the country.

Sol’s Environmental Commodities division is the oldest division at Sol, founded in 2008. The team is an innovative market maker having helped open several state markets and developing solutions to make environmental commodity market participation accessible to all – whether they generate a few credits each year or hundreds of thousands of credits each year. In addition, Sol has pioneered long-term strips and upfront contracts for several commodities to help market participants hedge against market volatility. Sol was the first company to offer long-term strips and upfronts for SRECs across PJM and NEPOOL. In addition, the Environmental Commodities team has also raised capital with institutional and individual investors to build out solar projects with optimized environmental credit investing. The Environmental Commodities team now manages one of the largest portfolios in the country serving over 17,000 customers via 200+ exclusive partnerships and 400+ MWs of capacity.

Key Responsibilities:

Work with senior leadership to build out and manage a 7 member team focused on strategy, business development, and operations in environmental commodity markets
Lead market expansion into new products, services, and geographic areas
Develop channel partnerships with solar installers, solar / wind developers, EV charging and fleet network operators, other environmental commodity market participants
Manage and maintain several existing key client relationships
Build pro-active outreach strategies to our customers and partners to keep them engaged and up to date on Sol’s offerings and market happenings
Represent Sol at industry events
Work with Marketing to create new collateral and marketing materials including thought leadership pieces
Work with IT to build out new technology solutions to better serve our partners and customers as well as internal teams
Work with Legal to ensure contracts and compliance needs are being met at the highest standard
Manage, train and mentor junior staff

A successful candidate will possess the following skills and attributes:

7+ years of experience in environmental commodity markets; particularly, SRECs, RECs, or LCFS
Business development, sales, and operations experience within environmental commodity markets (trading experience a plus but not required)
Strong understanding of solar and energy markets
Experience managing and coaching team members
Experience originating new partnerships and leading sales
Ability to communicate and understand trading or aggregation strategies to an investment committee and risk groups
Understanding of environmental commodity financial products (ex. spot transactions, long-term contracts, upfronts, etc)
Drive, flexibility, and demonstrated ability to work at and build up a small but growing business
Strong interest to make an impact in the clean energy industry
Demonstrated commitment to excellence
Creative problem solver
Hungry to build something that you will own

Location & Hours: This is a full-time role and will be based in our Washington, DC office.

Commitment & Compensation: This position will be at a director, senior director, or VP level based on candidate experience and compensation will be commensurate with experience. In addition, Sol Systems provides health insurance, retirement benefits, partial gym reimbursement, education benefits, parental leave, paid vacation, sick and federal holidays, and the opportunity to work in a unique and dynamic environment.

To Apply: Please submit a resume, cover letter and salary requirements.

Deadline: We hope to hire for this position immediately and will review applicants on a rolling basis.

Sol Systems is an equal-opportunity employer, and does not discriminate based on gender, race, ethnicity, orientation, creed, or other traits. Sol Systems supports and encourages candidates of all backgrounds to apply.

[Members in The News] Evolution Brokers First Trade in Nature-Based Carbon Offset Futures (Evolution Markets)

EMA Staff — Mon, 02 Aug 2021 13:00:00 GMT

(August 2, 2021) - Evolution Markets facilitated the first trade in the CME Group-listed CBL NatureBased Global Emissions Offset (N-GEO) futures contact.

The trade, which involved Hartree Partners and Andurand Climate and Energy Transition Fund as counterparties, represents an important marker in the development of a listed futures market for high-quality carbon offsets.

[Members in The News] Interview with Executive Chairman Will Stewart (Xpansiv)

EMA Staff — Tue, 27 Jul 2021 12:00:00 GMT

(July 27, 2021) - Xpansiv is experiencing tremendous growth, with increased market share being driven by the rapid rise of ESG markets as companies seek to fulfill carbon-neutral commitments; to date, more than 1,500 global corporations have announced a commitment to net-zero. This growing dedication to decarbonization is expected to underpin market growth for decades to come, with Xpansiv’s digital infrastructure uniquely positioned to facilitate this transition.

Read more here: https://xpansiv.com/interview-with-executive-chairman-will-stewart/

[Members in The News] Everybody Likes Free Money (Burton Energy)

EMA Staff — Fri, 23 Jul 2021 04:00:38 GMT

(July 23, 2021) - Burton’s experience in utility incentives, restaurant operations, and HVAC replacement all intersected when a large client with over 2,200 restaurants mentioned they were replacing HVAC units at their restaurants in the Chicago market.

We quickly inquired about the incentives they were receiving for the units and their response was, “What incentives?”.

Read more here: http://www.theenergytrail.com/everybody-likes-free-money/

[Members in The News] Sol Systems Partners with KKR to Scale Impact-Focused Renewable Energy Solutions

EMA Staff — Thu, 22 Jul 2021 13:30:00 GMT

(July 22, 2021) - Sol Systems, LLC (“Sol Systems” or the “Company”), a leading US renewable energy solutions firm, and KKR, a leading global investment firm, today announced that Sol Systems has received a significant minority investment from KKR to scale the Company’s Impact + Infrastructure approach.

Sol Systems and KKR also announced a new strategic partnership in which KKR is committing up to $1 billion to develop and acquire utility-scale renewable energy and storage projects, helping fund Sol Systems’ efforts to meet growing sustainability needs in North America.

Read more here: https://www.solsystems.com/news/sol-systems-partners-with-kkr-to-scale-impact-focused-renewable-energy-solutions/

[Members in The News] Bracewell Represents Sol Systems in Minority Investment From KKR

EMA Staff — Thu, 22 Jul 2021 12:00:00 GMT

(July 22, 2021) - Bracewell LLP represented Sol Systems LLC in a transaction that included a significant minority investment from KKR to scale the company’s Impact + Infrastructure approach.

Along with the transaction, Sol Systems and KKR announced a new strategic partnership in which KKR is committing up to $1 billion to acquire shovel-ready projects.

Read more here: https://bracewell.com/news/bracewell-represents-sol-systems-minority-investment-kkr

[Members in The News] Duke Energy Florida announces 4 new solar sites

EMA Staff — Wed, 21 Jul 2021 12:00:00 GMT

(July 21, 2021) - Duke Energy Florida today announced the locations of its four newest solar power plants – the latest move in the company’s program to expand its renewable generation portfolio.

“We continue investing in utility-scale solar in Florida because our customers deserve a cleaner energy future,” said Duke Energy Florida state president Melissa Seixas. “These solar plants are the latest milestones in our strategy to deliver reliable, cost-effective, clean energy to our customers.”

Read more here: https://news.duke-energy.com/releases/duke-energy-florida-announces-4-new-solar-sites

[Members in The News] Xpansiv Posts Record Growth, Undertakes Capital Raise to Accelerate Expansion

EMA Staff — Wed, 21 Jul 2021 12:00:00 GMT

(July 21, 2021) - Xpansiv, the global marketplace for ESG commodities, announces record activity as well as plans to undertake a capital raise to accelerate its expansion.

Xpansiv’s increased market share continues to be driven by the rapid rise of ESG markets as companies seek to fulfill carbon-neutral commitments. To date, more than 1,500 corporations have announced a commitment to net-zero. This growing dedication to decarbonization is expected to underpin market growth for decades to come, with Xpansiv’s digital infrastructure uniquely positioned to facilitate the transition.

“We have delivered exceptional growth in the first half of 2021 as global market participants organize around ESG drivers and begin to execute on net-zero carbon commitments,” said Xpansiv CEO Joe Madden.

Read more here: https://xpansiv.com/xpansiv-posts-record-growth-undertakes-capital-raise-to-accelerate-expansion/

[Members in The News] Energy Risk Awards (Marex)

EMA Staff — Tue, 20 Jul 2021 12:30:00 GMT

(July 20, 2021) - We were absolutely delighted to win not one, but two, prestigious industry accolades at the Energy Risk Awards 2021 : Commodity Broker of the Year and Weather House of the Year.

These awards are testament to all the hard work our teams have been doing across the firm. They recognise the growth of our business, organically and through acquisition, the strength of our Neon technology platform, and also the specialised ‘actionable’ intelligence that Marex provides its clients.

Read more here: https://www.marex.com/news/2021/07/energy-risk-awards/

EMA Announces Dates and Location for In Person 25th Annual Meeting

Wed, 14 Jul 2021 15:58:21 GMT

(Washington, DC) July 14, 2021—The Environmental Markets Association (EMA) announced the dates and location for their 25^th Annual Meeting during their Webinar on The Maryland Cap.

Executive Director, Lauren LeMunyan shared that after a year and change of virtual meetings, the association is holding their first in person event at The Driskill Hotel in Austin, Texas on October 11 – 13, 2021.

Chairman Jack Velasquez of Marex Spectron expressed his excitement during the Webinar, “I can’t wait to see you all in person to come together to move environmental markets forward.”

The event will have a capped attendance and follow all recommended federal, state and local health protocols. The Annual Meeting will include a day and a half of live sessions and networking opportunities.

To join the planning committee and learn more about the conference, visit www.enviromarkets.org.

[Members in The News] Xpansiv Reports One Billionth Credit Processed through EMA, Announces ACR Integration

EMA Staff — Mon, 12 Jul 2021 12:00:00 GMT

(July 12, 2021) - Xpansiv, the global marketplace for Intelligent Commodities™, today announced that more than one billion environmental credits have been processed through EMA, its multi-registry ESG portfolio management system, since EMA was acquired in December 2019. The company also announced an agreement to integrate American Carbon Registry (ACR) with EMA, expanding the number of registries accessible through the platform.

EMA aggregates portfolio positions from ten environmental registries into a single access point, enabling market participants to analyze, report, monitor, manage, trade, and forward schedule energy and environmental inventory in a unified account structure. Position and portfolio valuations are updated daily with closing prices from Xpansiv market CBL, the leading spot exchange for energy, environmental, and ESG commodities.

Read more here: https://xpansiv.com/one-billionth-credit-processed-through-ema-acr-integration/

[Members in The News] Evolution Markets Launches Structured Transaction Services for U.S. Renewable Natural Gas Market

EMA Staff — Thu, 08 Jul 2021 12:30:00 GMT

(July 08, 2021) - Evolution Markets announces the launch of structured transaction services for the growing U.S. renewable natural gas market (RNG). The New York-based desk offers services to facilitate term physical and financial contracts for natural gas derived from renewable sources, such as landfills or anaerobic digesters at agricultural facilities.

The group serves geographic locations throughout North America. The Evolution Markets Renewable Natural Gas Desk specializesin structured products, including term offtake agreements for new facilities, volumetric and price hedging transactions for operating RNG facilities, as well as facilitating contract origination and negotiation.

Read more here: https://www.evomarkets.com/content/news/news_releases_49_news_release_pdf.pdf

Transcript from EMA's State of the Markets Webinar is Now Available for Members Only

Wed, 07 Jul 2021 13:05:37 GMT

Current EMA Members now have access to the full transcript from the June 9th State of the Markets Webinar featuring Michael Ball of Argus Media, Elana Knopp of New Project Media, Dan McGraw of Carbon Pulse and Jennifer McIsaac of S&P Global Platts.

To access the transcript, visit the following link and login with your membership credentials.

[Members in The News] Expanding our Environmental Markets Research – Biodiesel (Marex)

EMA Staff — Tue, 06 Jul 2021 13:30:00 GMT

(July 6, 2021) - As we continue to build out our data and analytics offerings, we are pleased to launch our latest product on Biodiesel. Biofuel is an expanding market within the energy sector in Europe, as many countries are now looking for ways to reduce their carbon emissions within the transport sector.

Biofuel is seen as a ‘green’ alternative to heavy fuel oils, such as gasoil (a market which we already cover). This report outlines some of the main supply and demand factors within the market and is a further expansion of our Environmental Markets Research.

Read more here: https://www.marex.com/news/2021/07/expanding-our-environmental-markets-research-biodiesel/

[Members in The News] Xpansiv Market CBL Sets Quarterly Record, Trading More than 25M Tons of Carbon and 66B Litres of Water

EMA Staff — Fri, 02 Jul 2021 02:22:54 GMT

(July 1, 2021) - Xpansiv, the global marketplace for ESG commodities, today announced a new quarterly volume record on CBL, the leading spot exchange for energy and environmental commodities. Q2 2021 volumes surpassed the previous quarterly record, set in Q1 2021, by 29% and exceeded Q2 2020 activity by 374%.

Carbon transactions of 25,843,428 mtC02e bested the volume record set last quarter by 33%. On a year-over-year basis, CBL carbon volumes are up 393%. In addition, a record 66 billion litres of water rights and allocations were traded on Xpansiv market H2OX, Australia’s water exchange, topping the previous record of 64,958 ML set in Q1 2018.

Read More Here: https://xpansiv.com/xpansiv-market-cbl-sets-quarterly-record/

[Members in The News] PSEG Accelerates its Net-Zero Climate Vision to 2030

EMA Staff — Thu, 24 Jun 2021 17:00:00 GMT

(June 24, 2021) - PSEG today accelerates its net-zero ambitions by launching a three-pronged 2030 climate vision that extends across its business. The PSEG climate vision marks one of the first and most aggressive net-zero 2030 visions set by a large utility and power generator and comprises three pillars:

Net-zero emissions for PSEG operations, including PSE&G’s utility operations (scopes 1 and 2);
100% greenhouse gas- (GHG), carbon-free power generation; and
Significant contributions to regional economy-wide decarbonization.

Read more here: https://nj.pseg.com/newsroom/newsrelease231

[Members in The News] Mercuria Invests in the Future of Technology Metals

EMA Staff — Wed, 23 Jun 2021 14:00:00 GMT

(June 23, 2021) - Mercuria, one of the world’s largest integrated independent energy and commodities trading companies, announced today that it has acquired a significant minority equity position in TechMet, a private company dedicated to building world class projects that produce, process and recycle “technology metals” critical to electric vehicles (EVs), renewable energy systems and energy storage.

The announcement comes as part of Mercuria’s larger corporate strategy and commitment to increased investments in the energy transition.

Read more here: https://www.mercuria.com/media-room/business-news/mercuria-invests-future-technology-metals

[Members in The News] Part of the Climate Solution Is Found In Our Past

EMA Staff — Wed, 23 Jun 2021 13:00:00 GMT

(June 23, 2021) - The shift toward “net zero” is on. Reaching aspirational goals to stave off the worst of global warming requires a multifaceted approach that includes one critical pathway that is sometimes mentioned but often underestimated- carbon offsets.

The good news is the design and use of offsets has been proven over the past nearly 20 years, providing a host of benefits that complement, not substitute for a company’s efforts to cut emissions internally. Actions such as stopping deforestation and restoring agricultural soils are not optional but a requirement to stabilize the climate.

Read more here: https://theincubex.com/2021/06/part-of-the-climate-solution-is-found-in-our-past/

[Members in The News] Volatility Returns to the Natural Gas Market (Burton Energy)

EMA Staff — Wed, 23 Jun 2021 12:00:00 GMT

(June 23, 2021) - Earlier this month, Enbridge Inc.’s Texas Eastern Transmission unit (TETCO) announced that its natural gas pipeline from Pennsylvania to Mississippi could be operating at reduced pressure until late third quarter, reducing flow to nearly 1 bcf per day, down from 1.9 bcf per day in May.

This news came along with increasing temperatures for the 5-day forecast with increased cooling demand expected, especially in the West and Texas. Traders have been focused on the logistical concerns to meet increasing demand and prices have reached their highest level in more than 7 months.

Read more here: http://www.theenergytrail.com/volatility-returns-to-the-natural-gas-market-2/

[Members in The News] Mercuria and N+P Announce Partnership for Development of New Alternative Fuels

EMA Staff — Mon, 21 Jun 2021 12:00:00 GMT

(June 21, 2021) - Today, Mercuria Energy Trading (“Mercuria”) and N+P Group B.V. (“N+P”) announced a strategic partnership that will inject significant growth capital in N+P and allow for the development of new alternative fuels production facilities. As a part of the deal, Mercuria is acquiring a strategic equity stake in N+P. The Jennissen Family will continue to hold the majority of the shares in N+P, while allowing for Mercuria’s stake to be increased in the near-term.

The deal is aligned with N+P and Mercuria’s larger corporate strategy of focusing on the global energy transition, which includes investing in high quality alternative fuels produced from non-recyclable waste streams.

Read more here: https://www.mercuria.com/media-room/business-news/mercuria-and-np-announce-partnership-development-new-alternative-fuels

[Members in The News] Monroe County Water Authority Announces Plans For 5 MW Solar Project (Sol Systems)

EMA Staff — Thu, 17 Jun 2021 12:00:00 GMT

(June 17, 2021) - As part of a long-term goal to reduce energy expenses, the Monroe County Water Authority (MCWA) today announced plans to install a five megawatt (MW) solar energy array on its existing property at the corner of Penfield Rd. and Watson Hulbert Rd. in the Town of Penfield.

Construction started this week and is expected to be completed by the end of the year. The array will benefit MCWA customers by using clean, sustainable energy to offset its power bills and also help New York State achieve its clean energy targets including generating 70 percent of its electricity through renewable resources by 2030.

Read more here: https://www.solsystems.com/news/monroe-county-water-authority-announces-plans-for-5-mw-solar-project/

[Members in The News] Stormwater and Sustainability (Burton Energy)

EMA Staff — Tue, 15 Jun 2021 13:30:00 GMT

(June 15, 2021) - Cities and utilities across the country are progressively adopting or increasing stormwater fees as a means to generate funding for capital projects related to mitigating surface runoff, treating runoff, or separating stormwater drains from the sanitary sewer system.

Oftentimes, stormwater fees are assessed based on the area (square feet) of impervious surface and come in a variety of names such as rain tax, drainage fee, stormwater fee, or impervious tax.

Regardless of the label, impervious areas create runoff, deplete groundwater recharge, spread pollutants, and have other negative effects on the environment which is why cities require funding to mitigate the impact.

Read more here: http://www.theenergytrail.com/stormwater-and-sustainability/

[Members in The News] ESG Webinar: Decarbonising the global energy system and why it might happen faster than you think (Marex)

EMA Staff — Mon, 14 Jun 2021 13:00:00 GMT

(June 14, 2021) - As part of our ongoing commitment to ESG, we are hosting a webinar on Thursday 17 June 2021 ‘Decarbonising the global energy system and why it might happen faster than you think,’ with Dr Matt Ives from the University of Oxford.

This highly relevant topic is part of Marex’s ESG collaboration with the University of Oxford.

Read more here: https://www.marex.com/news/2021/06/esg-webinar-decarbonising-the-global-energy-system-and-why-it-might-happen-faster-than-you-think/

[Members in The News] 3Degrees prepares to scale with new COO role, hires Malcolm Fabiyi

EMA Staff — Mon, 14 Jun 2021 12:00:00 GMT

(June 14, 2021) - 3Degrees, a leading global provider of climate solutions, today announced that Dr. Malcolm Fabiyi has been appointed Chief Operating Officer, a new position within 3Degrees.

In his new role, Fabiyi will work closely with 3Degrees’ executive leadership team and the recently expanded board of directors and advisory board.

Read more here: https://3degreesinc.com/news/3degrees-prepares-to-scale-with-new-coo-role-hires-malcolm-fabiyi/

[Members in The News] Why Does a Strategy Matter When Buying Energy? (Burton Energy)

EMA Staff — Tue, 08 Jun 2021 12:00:00 GMT

(June 08, 2021) - Energy markets and deregulation have seen changes over the years, but one thing has not; the need for a strategy vs. just being a price taker in the market.

Over the past 15-years, strategies implored have changed, but the need for one definitely has not. Flying by the seat of your pants can produce some of the lowest prices available, but it can also be very costly. It is especially costly in the case of natural disasters that can affect short and long-term energy pricing. Let me provide an example or two.

Read more here: http://www.theenergytrail.com/why-does-a-strategy-matter-when-buying-energy/

[Members in The News] Duke Energy Sustainable Solutions will build its largest solar project to date: 250-MW Pisgah Ridge Solar in Texas

EMA Staff — Mon, 07 Jun 2021 11:30:00 GMT

(June 7, 2021) - Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy (NYSE: DUK), today announced the start of construction of the 250-megawatt (MW) Pisgah Ridge Solar project in Navarro County, Texas.

Once in operation, it will be the largest utility-scale solar facility in Duke Energy Sustainable Solutions’ fleet.

Read more here: https://news.duke-energy.com/releases/duke-energy-sustainable-solutions-will-build-its-largest-solar-project-to-date-250-mw-pisgah-ridge-solar-in-texas?_ga=2.208288785.2015152719.1623642272-1379663822.1621222004

[Members in The News] Fitch Ratings assigns rating for Marex Group plc

EMA Staff — Fri, 28 May 2021 13:30:00 GMT

(May 28, 2021) - Fitch Ratings has assigned Marex Group plc a BBB- rating with a Stable Outlook. The rating reflects Marex’s growing earnings, its adequate buffer over regulatory capital requirements and its generally stable and well-managed liquidity profile.

Read more here: https://www.marex.com/news/2021/05/fitch-assigns-rating-for-marex-group-plc/

[Members in The News] Mercuria joins C4IR Ocean to increase fleet emission data transparency

EMA Staff — Fri, 28 May 2021 12:00:00 GMT

(May 28, 2021) - Companies rarely share their emission data beyond the minimum required by regulation, which varies all over the world. This makes it challenging to calculate the emissions of the world fleet.

Mercuria takes a step forward as a progressive industry player by increasing transparency of its shipping data and sharing it with the C4IR Oceans flagship project Ocean Data Platform.

Read more here: https://www.mercuria.com/media-room/community-news/mercuria-joins-c4ir-ocean-increase-fleet-emission-data-transparency

[Members in The News] Duke Energy begins construction on 22.6-megawatt Cabarrus County, N.C., solar project

EMA Staff — Wed, 26 May 2021 13:30:00 GMT

(May 26, 2021) - Expanding its rapidly growing clean-energy portfolio, Duke Energy has begun construction on the 22.6-MW Speedway Solar power plant in Cabarrus County.

The project will be owned and operated by Duke Energy Sustainable Solutions, a new commercial brand that includes Duke Energy Renewables. The project was selected as part of the competitive bidding process established by 2017’s landmark solar legislation in North Carolina.

Read more here: https://news.duke-energy.com/releases/duke-energy-begins-construction-on-22-6-megawatt-cabarrus-county-n-c-solar-project

[Members in The News] PSE&G President David Daly Announces Retirement; Kim Hanemann to be Named President & COO of PSE&G, First Woman to Lead New Jersey’s Largest Electric and Gas Utility

EMA Staff — Mon, 24 May 2021 12:00:00 GMT

(May 24, 2021) - Public Service Enterprise Group (PSEG) announced today that David M. Daly, president of Public Service Electric & Gas (PSE&G), will retire at the end of 2021 after 35 years of service.

Kim Hanemann, PSE&G’s senior vice president and chief operating officer, will succeed Daly as president and COO, effective June 30, 2021. With her promotion, Hanemann will become the first woman to lead the state’s largest electric and gas utility in its 118-year history.

Read more here: https://nj.pseg.com/newsroom/newsrelease224

EMA Announces Renewed Vision for Their 25th Year

EMA Staff — Wed, 19 May 2021 18:14:03 GMT

On May 14^th, The Environmental Markets Association hosted a Member Town Hall to release details on changes within the organization and plans for their 25^th year.

Board Chairperson, Jack Velasquez of Marex Spectron, opened the virtual event and welcomed members back to EMA’s Silver Anniversary highlighting the deep history and impacts from EMA’s members and the environmental markets industry at large. “Our members know these markets the best. Many of us have sat in on legislative meetings or been a part of policy decisions,” said Velasquez.

Since 1996, EMA’s mission has focused on promoting market-based solutions to help combat environmental challenges through sound public policy, industry best practices, effective education, and training.

Mr. Velasquez highlighted the immediate need for action and collaboration, “We are in an integral position to unify and amplify our voices with our market principles. The need for education is greater now than it has ever been before.”

The Role of Market Principles

Beyond the mission, the benefits of EMA’s Market Principles continue to shed light on the massive advantages of well designed, policy driven environmental markets.

Chairperson Velasquez expanded, “Environmental Markets are accountable and they are enforceable. Their success is trackable. The growth of renewable generation over the course of the last 25 years has been huge. When I started there was under 300 megawatts of wind in the US. The majority of new builds were built on the back of well-designed markets. This is what EMA is about. These are just the environmental benefits. There are massive social benefits that come along with us like job creation and list goes on and on.”

EMA’s Role Going Forward

“The role of the EMA is to give our members a venue to promote this mission and to use the association as a platform to have their voice heard. Whether you're an energy trader, academic, policymaker, or Sustainability Officer, EMA can equip you with the right market principles that will guide you and help you spread our mantra about properly designed environmental markets,” said Velasquez as he encouraged members to re-engage. “This is how we're going to achieve a carbon neutral world and a clean energy infrastructure. Our priorities going forward are to push tradable markets by educating our trading partners and our policymakers, and the universities and colleges that are teaching the future corporate leaders of America.”

To watch the full recording of EMA’s Town Hall from May 14, 2021, www.enviromarkets.org/relaunch.

About EMA

The Environmental Markets Association (EMA) is a as a 501(c)(6) not-for-profit trade association representing the interests of companies that are involved in the trading, legislation and regulation of environmental markets. EMA's mission is to promote open, competitive, and tradeable environmental commodity markets and market-based solutions as a long-term, sustainable solution to solve environmental challenges.

www.enviromarkets.org

[Members in The News] Bracewell Finalist for Two Legal Business Awards

EMA Staff — Tue, 18 May 2021 12:30:00 GMT

(May 18, 2021) - Bracewell (UK) LLP has been named a finalist for two awards at the 2021 Legal Business Awards.

We were named a finalist for Finance Team of the Year for our representation of the winning consortium in connection with the bid for, signing and financial closing of, the $467 million 800.15 MW Al Kharsaah Solar IPP in Qatar.

We were also shortlisted for US Firm of the Year.

Read more here: https://bracewell.com/news/bracewell-finalist-two-legal-business-awards

[Members in The News] Natural Gas Meets Resistance at $3.00/MMBtu (Burton Energy)

EMA Staff — Mon, 17 May 2021 13:00:00 GMT

(May 17, 2021) - Natural gas prices have been hovering near the $3 level these past two weeks, which continues to show some resistance.

The May natural gas contract rolled off the board at $2.925 per MMBtu, 13% higher than the April natural gas contract. The average NYMEX settlement for 2021 is $2.718 per MMBtu, about 46% above the 2020 average.

A recovering economy and increased demand for natural gas this winter has fueled the significant year-over-year increase. The June contract moved into the prompt position nearly flat to the May settlement and has bounced around in a tight range these last ten days of trading.

Read more here: http://www.theenergytrail.com/natural-gas-meets-resistance-at-3-00-mmbtu/

[Members in The News] Marex Publishes First ESG Report

EMA Staff — Thu, 13 May 2021 13:32:12 GMT

(May 13, 2021) - Marex has published its inaugural Environmental Social and Governance (ESG) Report, entitled: Cultivating change in commodity markets for a more sustainable future.

The Firm’s ESG policy focuses on the impact of its actions on clients, employees and communities and on responsible trading, business integrity and the use of technology to promote sustainability and protect the environment.

Read more here: https://www.marex.com/news/2021/05/marex-publishes-first-esg-report/

[Members in The News] Xpansiv Publishes Digital Fuels Program to Accelerate ESG Transition in Fuels Sector

EMA Staff — Thu, 13 May 2021 13:30:00 GMT

(13 May 2021) - Xpansiv, the global marketplace for Intelligent Commodities™, today published a pioneering Digital Fuels™ Program for the issuance, transaction, settlement, and retirement of evidenced-based environmental, social, and governance (ESG) performance claims associated with fuels.

The program is designed to provide a rules-based market for all stakeholders—from fuel producers and net-zero buyers to certification bodies, carbon-accounting initiatives, registries, independent-assurance providers, data aggregators, and investors—all seeking to meet growing demand for registered, tradable, intangible assets to differentiate fuels based on ESG performance.

Read more here: https://xpansiv.com/xpansiv-publishes-digital-fuels-program-to-accelerate-esg-transition-in-fuels-sector/

[Members in The News] The Transformation Of Appalachian Coalfields Into Solar Farms Is Starting (Sol Systems)

EMA Staff — Thu, 13 May 2021 13:27:34 GMT

(May 13, 2021) - Sun Tribe Development is taking on a unique opportunity to be the first to generate large-scale renewable power on the coalfields of Central Appalachia, Energy News Network reports. Described as a breakout moment for the region, the plan is to have up to 75 megawatts of solar power capacity across hundreds of acres of deforested mine lands in Virginia and Tennessee.

Sol Systems, a Washington, D.C.-based company, will finance and operate the solar systems once they are built.

Read more here: https://cleantechnica.com/2021/05/13/the-transformation-of-appalachian-coalfields-into-solar-farms-is-starting/

[Members in The News] University of Illinois Urbana-Champaign Announces Final Stage of Ultra-Sustainable Solar Farm 2.0 Project (Sol Systems)

EMA Staff — Thu, 13 May 2021 13:22:57 GMT

(May 13, 2021) – Today, the University of Illinois Urbana-Champaign, Facilities & Services (F&S) announces the final stage of completion for Solar Farm 2.0, totaling 12.3 megawatts (DC), with the planting phase of the farm’s pollinator habitat commencing this month. The project is the second solar farm constructed at the U of I and achieves clean energy sustainability goals outlined in the university’s Illinois Climate Action Plan (iCAP), nearly four years ahead of schedule. Clean energy production will now support approximately 12 percent of the school’s annual electricity demand. The planting of the project’s native pollinator habitat bookmarks the solar farm’s unique array of state-of-the-art technological and sustainable features.

Read more here: https://www.solsystems.com/news/university-of-illinois-urbana-champaign-announces-final-stage-of-ultra-sustainable-solar-farm-2-0-project/

[Members in The News] Bracewell Advises Sabalo Energy, LLC in $715 Million Asset Sale to Laredo Petroleum, Inc.

EMA Staff — Mon, 10 May 2021 13:38:19 GMT

(May 10, 2021) - Bracewell LLP is advising Sabalo Energy, LLC, a portfolio company of EnCap Investments L.P., in the sale of Sabalo’s Midland Basin assets to Laredo Petroleum, Inc. (NYSE: LPI).

The transaction includes 21,000 contiguous net acres (86 percent operated, 100 percent held by production). Sabalo and a non-operating partner will receive a combined $625 million in cash and approximately 2.5 million shares of Laredo common equity, with a total transaction value of approximately $715 million.

Read more here: https://bracewell.com/news/bracewell-advises-sabalo-energy-llc-715-million-asset-sale-laredo-petroleum-inc

[Members in The News] Driving the Transition to Net Zero Emissions (3Degrees)

EMA Staff — Fri, 07 May 2021 14:00:00 GMT

(May 07, 2021) - Across the OEM motor vehicle after-sales space, transportation is a significant spend – approximately 7-8%1 of sales. Further, the transportation sector has now surpassed the power sector as the largest emitter of greenhouse gases (GHGs) in the United States, responsible for over 29%2 of total emissions within the U.S., and 24%3 globally. This trend largely is driven by the growth of e-commerce, international and domestic shipping, and other activities related to globalization.

Many of the OEMs participating in Carlisle’s North American Parts Benchmark have released corporate statements committing themselves to reducing their climate impact, yet many organizations are early in the development of plans to address the greenhouse gas emissions associated with their transportation footprint. Fortunately, meaningful pathways to reduce transportation emissions are taking hold.

Read more here: https://3degreesinc.com/resources/driving-the-transition-to-net-zero-emissions/

[Members in The News] PSEG Enters Agreement to Sell Its Solar Source Portfolio to Affiliate of LS Power

EMA Staff — Wed, 05 May 2021 13:17:22 GMT

(May 5, 2021) – Public Service Enterprise Group Inc. (PSEG) today announced that it has entered into an agreement to sell its PSEG Solar Source LLC portfolio to Quattro Solar, LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities. The sale of this non-core generation portfolio is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power's non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.

Read more here: https://nj.pseg.com/newsroom/newsrelease221

[Members in the News] IncubEx Closes Most Significant Capital Raise To Date With Distinguished Industry Investors For Environmental Markets Growth

EMA Staff — Tue, 04 May 2021 20:31:59 GMT

IncubEx, Inc., a leading global product developer of exchange based environmental markets, is pleased to announce it has successfully closed its most significant capital raise to date of $11.8 million resulting in a post-money valuation of $161.8 million with support from distinguished industry leaders.

Prominent IncubEx investors include: Michael Spencer, Chairman of IPGL (Holdings) Limited, Lance Uggla, Chairman and CEO of IHS Markit, Carsten Kengeter of 7RIDGE and Circuitus Capital, Lansdowne Partners and Orsted North America.

The capital raise further enables IncubEx to expand environmental market products and services in geography and scope in response to unprecedented public and private commitments towards sustainability. Environmental commodities have the potential to develop into one of the largest traded asset classes and IncubEx has established a strong foundation of domain expertise, stakeholder relationships and market position to capitalize on this growth.

Read the full story here.

EMA Welcomes Back Former Executive Director Lauren LeMunyan

EMA Staff — Wed, 28 Apr 2021 11:25:16 GMT

[April 28, 2021] - The Environmental Markets Association Board is proud to announce the return of Lauren LeMunyan in the role of Executive Director. Ms. LeMunyan previously served in this role from 2005-2016.

During her 11-year tenure with EMA, Ms. LeMunyan created the Regional Round Table Program, facilitated over fifty Webinars and Annual Meetings and fostered relationships with key NGOs, media partners, and supporting organizations.

Lauren brings a wealth of experience, resources, and creativity to the organization as well as a deep passion for connecting people and ideas.

"EMA is a special group that creates the space for seemingly different perspectives and experiences to not just come together, but to learn and understand from one another," said Lauren LeMunyan. "EMA's Market Principles and Best Practices along with the quarter-century of history of our members in the market, position EMA to be a leading force in advocacy, education and networking. I am looking forward to re-engaging with longstanding and new EMA members and industry partners to elevate the profile of environmental market-based solutions."

If you’d like to schedule a time to provide insights and feedback, please contact Lauren at lauren@enviromarkets.org or 202-446-1641 and save the date for the upcoming EMA Member Town Hall on Friday, May 14th.

SAVE THE DATE – EMA MEMBER TOWN HALL - May 14^th 4:00pm EDT The EMA Board will be hosting an EMA Member Town Hall on Friday, May 14^th to discuss the future vision and strategy of the organization. This is also an opportunity to ask questions, volunteer for committees, and connect with fellow members. Register here.

--------------------------------------------------------------------------------------

About EMA

The Environmental Markets Association (EMA) is a as a 501(c)(6) not-for-profit US-based trade association representing the interests of companies that are involved in the trading, legislation and regulation of environmental markets. EMA promotes market-based solutions for environmental challenges through sound public policy, industry best practices, effective education and training, and member networking. EMA represents a diverse membership including large utilities, emissions brokers and traders, exchanges, law firms, project developers, consultants, academics, NGOs and government agencies. EMA is a pro-business and pro-environment industry trade association that advocates for competitive and tradable market-based solutions for solving the world's most pressing environmental challenges, while simultaneously contributing to economic development. www.enviromakets.org

[Members in The News] Duke Energy consolidates its renewable energy offerings under one brand

EMA Staff — Wed, 28 Apr 2021 01:34:15 GMT

(April 27, 2021) - Duke Energy is rebranding its renewable energy businesses as Duke Energy Sustainable Solutions. The brand unifies products and services offered by Duke Energy Renewables, REC Solar, and Duke Energy One.

The unified brand will partner with companies to provide projects at scale, specifically offering financing, planning, construction and installation, fleet electrification, off-site renewables, distributed generation, energy resiliency, and management services.

The business unit will be run by Chris Fallon, who will serve as president of Duke Energy Sustainable Solutions. Fallon is a 21-year veteran of the company and previously was president of Duke Energy Renewables. He earlier was vice president of nuclear development.

Read the full story here.

[Members in The News] Smartpress Announces Carbon Neutral Program from 3Degrees

EMA Staff — Wed, 21 Apr 2021 14:40:45 GMT

CHANHASSEN, Minn., April 20, 2021 /PRNewswire/ -- Online printer Smartpress.com demonstrated its commitment to leading the print industry in environmental stewardship through a purchase of renewable energy credits (RECs) and carbon offsets from 3Degrees, Inc. Smartpress' Carbon Neutral Program offsets 100% of the company's emissions and those made by energy partners on their behalf.

Read the full story here.

[Members in The News] CBL Announces First Trades of Nature-Based Global Emissions Offset

EMA Staff — Mon, 19 Apr 2021 18:52:18 GMT

NEW YORK, SAN FRANCISCO, SYDNEY — Xpansiv, a global trading platform for ESG-inclusive commodities, today announced the first trades of the Nature-Based Global Emissions Offset™ (N-GEO) on Xpansiv market CBL. Participants supporting the contract include Hartree Partners, Everland, Allcot, Cargill International SA, ClimatePartner, Evolution Markets, Gazprom, Macquarie Group, U.S. Venture, and Viridios Capital. First day volume totaled 131,215 mtCO2e with prices ranging from $4.00 to $5.00.

Announced last month, the N-GEO™ contract is composed of eligible voluntary offsets from Agriculture, Forestry, and Other Land Use (AFOLU) projects with additional Climate, Community, and Biodiversity (CCB) accreditation. The CCB Standards can be applied to eligible land-management projects, promoting innovation from early-stage project design through development and implementation. Eligible projects will be carefully vetted under the CBL Standard Instruments sProgram rules, which also govern the Global Emissions Offset™ (GEO™) contract—the first in this series of standardized contracts developed by Xpansiv.

Read the full story here.

[Members in The News] Sol Systems Flips the Switch at Seven Solar Projects for Walmart

EMA Staff — Wed, 14 Apr 2021 18:41:40 GMT

Sacramento, CA., – April 14, 2021 — Today, Sol Systems announces the completion of solar energy systems totaling 6.5 megawatts (MW) at seven Walmart stores across California. The portfolio includes a mixture of solar energy systems installed on the rooftops and parking lot carports and offsets the average energy use.

Read the full story here.

[Members in The News] 3Degrees Announces Restructuring of its Energy and Climate Practice, Welcomes New Leadership Members

EMA Staff — Thu, 08 Apr 2021 18:48:08 GMT

April 8, 2021 - San Francisco, CA - 3Degrees, a firm that helps organizations around the world achieve renewable energy and decarbonization goals, today announced that it is restructuring its Energy and Climate Practice into two teams, Climate Strategy and Power Markets, and adding several new leadership roles.

The move comes at a time when the company is experiencing a record number of requests to assist organizations around the world with their net zero commitments, and is designed to ensure the Energy and Climate Practice is increasingly well positioned to offer a full suite of global solutions tailored to every stage along each organization’s decarbonization journey — whether that customer is just getting started and needs assistance setting climate goals, has purchased global EACs to address its Scope 2 emissions and is now ready to enter into a power purchase agreement (PPA), or is interested in developing a new carbon project as part of its Scope 3 emissions reduction strategy.

Read full story here.

[Members in The News] Marex Releases Record Full Year Results

EMA Staff — Wed, 07 Apr 2021 18:57:01 GMT

London, 7 April 2021: Marex (the ‘Group’), an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, has today reported record results for the year ended 31 December 2020. The Group continued its positive trajectory with its seventh consecutive year of increased adjusted operating profit before taxation, as well as diversified earnings across geographies, products and clients.

The results were up across every metric, with the Group’s gross revenues up 37% at $762.4 million (2019: $554.9 million), net revenues up 18% at $414.7 million (2019: $352.2 million) and adjusted operating profit before taxation up 15% at $61.5 million (2019: $53.4 million). These results demonstrate the success of Marex’s business model and disciplined approach to risk management in an exceptionally challenging year in which, against the backdrop of the Covid-19 pandemic, Marex continued to expand through acquisition and ongoing organic growth.

Read full story here.

[Members in The News] Rob Gordon Joins IncubEx as Chief Financial Officer

EMA Staff — Thu, 01 Apr 2021 18:45:28 GMT

4/1/2021 - Chicago, IL - IncubEx, a developer for exchange traded environmental products, services, and technology solutions, is pleased to announce that Robert Gordon has joined as Chief Financial Officer. In his role, he will provide strategic financial and operational support for IncubEx.

Gordon commented: “IncubEx is performing extraordinary work in bringing innovative exchange products to a wider audience of market participants. I am thrilled to join the team and to help IncubEx realize its full potential across more markets globally while strengthening its position as a leader in the environmental space.”

Read the full story here.

EMA Comments on New Jersey’s Staff Straw Proposal on Defining the Clean Energy Act of 2018’s Statutory Cost Caps

EMA Staff — Thu, 30 Jan 2020 13:33:42 GMT

Re: EMA Comments on New Jersey’s Staff Straw Proposal on Defining the Clean Energy Act of 2018’s Statutory Cost Caps

Dear New Jersey Board of Public Utilities and Staff:

The Environmental Markets Association (“EMA”) is pleased to help inform the design of New Jersey’s solar transition as required by P.L. 2018, c.17 (the “Clean Energy Act”). EMA recognizes and appreciates the immense challenge that the New Jersey (“NJ”) Board of Public Utilities (“BPU”) has been assigned with in the implementation of the CleanEnergy Act, particularly around the issues of the cost cap and the desire to promote solar growth in the State, while cost-effectively achieving a 50% renewable portfolio standard (“RPS”) by 2030.

EMA is comprised of local, regional, and national member companies that have participated in NJ’s Class I renewable energy certificate (“REC”), Class II REC, and solar renewable energy certificate (“SREC”) market programs since inception, including early engagement in the actual setup and implementation of the original renewable portfoliostandard (“RPS”) and NJ SREC program. EMA Members have worked extensively to achieve the program’s targets and continue to interface with the RPS in multiple ways (e.g., as retail electricity suppliers, basic generation service providers, REC traders, REC brokers, REC marketplaces, REC aggregators, and as renewable energy project developers and investors).

Thank you for your consideration of our comments attached in Appendix A. EMA’s answers here are limited solely to item #3 and discuss our rationale as to why we strongly discourage the BPU from taking any actions to reform or restructure the existing NJ SREC market since this will undermine the market’s integrity and result in significant contractual and financial damages for New Jersey’s clean energy industry. Previous comments filed by the EMA may also offer the BPU useful guidance on this proceeding. The EMA is ready to offer any additional assistance as needed by the BPU as New Jersey moves toward its clean energy future.

View the Full Comments Here

[Members in The News] M-RETS Now Accepts Exports from ERCOT

EMA Staff — Mon, 20 Jan 2020 19:54:53 GMT

M-RETS announces that it now accepts exports from ERCOT! M-RETS supports open and transparent markets. If your current system does not have import/export with M-RETS, please contact them and ask them to establish a connection.

The rules governing the Texas Renewable Energy Credit Trading Program do not provide a directive on exporting or importing files with other REC Trading Programs. Reasons to retire a REC in the Texas REC Trading Program include mandatory (compliance with the RPS mandate), voluntary and expired (still in the trading program when the REC reaches end of life). The Texas REC Trading Program does not export the REC, and any use of a REC retired in the Texas REC Trading Program by another REC Trading Program would be subject to that Trading Programs rules.

In 2018 ERCOT added a process whereby Account holders can identify the reason for retiring a REC by adding an optional field where an Account holder could leave the field empty or enter “green-e” or “export”. To complete an export to M-RETS, the ERCOT Account holder must enter in the empty field, “Export to M-RETS” along with the date of the transaction. For example, if the export is initiated on October 1, 2018, for M-RETS to process the Export the field must read, “Export to M-RETS effective 10/01/2018.”

Read the full story here.

EMA Comments on New Jersey’s Solar Transition Proceeding and Renewable Portfolio Standard Recommendations

EMA Staff — Fri, 01 Mar 2019 12:36:13 GMT

EMA is comprised of local, regional, and national member companies that have participated in NJ’s solar renewable energy certificate (“SREC”) market program since inception, including early engagement in the actual setup and implementation of the original NJ SREC program. EMA Members have worked extensively to achieve the program’s targets and continue to interface with the policy in multiple ways (e.g., as retail electricity suppliers, basic generation service providers, SREC traders, SREC brokers, SREC marketplaces, SREC aggregators, solar energy project developers, and as solar energy project investors). Accordingly, the EMA believes it is in a unique position to provide the BPU with a balanced perspective of this policy’s history and to help the BPU adopt a balanced framework that can satisfy each SREC Transition Principle.

EMA’s comments are primarily focused on the design of the solar successor program and the diverse set of options and tools available to the NJ BPU that can be used to establish an RPS budget that can accommodate the NJ Class I, NJ SREC, and the forthcoming NJ SREC II program. The EMA strongly recommends that the NJ BPU pursue a tradable NJ SREC II program that is modelled based on the existing, effective, NJ SREC program. Enclosed in this submission please find the following:

Appendix A – Answers to NJ Solar Transition Staff Straw Proposal Questions
Appendix B – Best Practice Principles for Renewable Energy Certificate Markets
Appendix C – Supplemental Guidance Document
Attachment A: Excel-based Model “NJ SREC Successor Program Model – EMA”

View Full Comments Here

EMA Comments on Massachusetts Clean Peak Standard (CPS) Stakeholder Questions

EMA Staff — Tue, 05 Feb 2019 11:37:37 GMT

The Environmental Markets Association (“EMA”) appreciates the opportunity to provide its responses to the set of questions the Massachusetts Department of Energy Resources (“DOER”) recently posted regarding the design and development of the Clean Peak Energy Portfolio Standard (“CPS”) that was established pursuant to the enactment of Chapter 227 pf the Acts of 2018. While there is no shortage of challenges associated with creating such a complex and comprehensive program, EMA is very excited about the prospects for the CPS and believes DOER has the opportunity to design a market-based mechanism that will serve as the template for many other states that are interested in pursuing similar clean energy objectives. We appreciate DOER’s inclusive approach to this important undertaking and look forward to participating in this process to assist the Commonwealth in meeting its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner possible.

The EMA is a US-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide (“SO2”), nitrogen oxide (“NOx”), renewable fuels (“RINs”), and greenhouse gas emissions (carbon allowances and offsets), as well as state- driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with renewable portfolio standards (“RPS”) compliance, REC trading, and renewable energy investment and, collectively, have significantly contributed to the aggregate economic investment to achieve the Commonwealth’s RPS. The EMA has a vested interest in the continued success of comprehensive and inclusive market-based mechanisms and RPS programs, including the CPS. Relying on our broad-based membership and their cumulative experience in these programs, we believe that EMA can provide a unique perspective as it relates to DOER’s Policy Deliberative.

View the Full Comments Here

New Jersey Solar Market Transition Recommendations

EMA Staff — Fri, 02 Nov 2018 21:24:12 GMT

The Environmental Markets Association (“EMA”) appreciates the opportunity to provide input to the New Jersey Board of Public Utilities (“BPU”) regarding S2314 / A3723’s legislative requirement to close the current solar renewable energy certificate (“SREC”) market and transition the state to a more cost-effective solar energy program. EMA commends the BPU for its leadership in making New Jersey a national leader in solar energy. The EMA believes that New Jersey’s renewable portfolio standard (“RPS”) SREC market has been extremely successful at incentivizing new solar energy generation since its enactment. This policy has consistently achieved the stated legislative requirements in every year and has successfully facilitated the development of more than 2,500 megawatts of solar energy in only a decade. We look forward to participating in this process to ensure New Jersey accomplishes its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner.

The EMA is a U.S.-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide, nitrogen oxide, and greenhouse gas emissions, as well as state-driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with RPS compliance, REC trading, and renewable energy investment in several states and, collectively, have contributed to the aggregate economic investment of billions of dollars to achieve New Jersey’s RPS. The EMA has a vested interest in the continued success of market-based mechanisms and RPS programs throughout the U.S. Given this, we believe that the EMA is uniquely qualified to share its experience with the BPU, especially as it relates to our recommendation that competitive and tradable SREC markets remain the primary solar policy framework for the successor solar program.

View Full Comments Here

Renewable Portfolio Standard Policy Recommendations for the CleanEnergy DC Omnibus Amendment Act of 2018

EMA Staff — Tue, 23 Oct 2018 21:22:12 GMT

The Environmental Markets Association (“EMA”) appreciates the opportunity to provide input to the CleanEnergy DC Omnibus Amendment Act of 2018 (the “Act”). EMA applauds the Council’s efforts in making Washington, D.C. (the “District”) a leader in clean energy and commends the Public Service Commission (“PSC”) for its effective implementation to date of the District’s renewable portfolio standard (“RPS”). DC’s RPS policy has been successful at incentivizing new clean and renewable energy generation since its enactment and currently serves as an example for other policymakers. We look forward to participating in this process to ensure the District accomplishes its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner.

The EMA is a US-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide (SO2), nitrogen oxide (NOx), renewable fuels (RINs), and greenhouse gas emissions (Carbon Allowances and Offsets), as well as state-driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with RPS compliance, REC trading, and renewable energy investment and, collectively, have significantly contributed to the aggregate economic investment to achieve the District’s RPS. The EMA has a vested interest in the continued success of market-based mechanisms and RPS programs. Given this, we believe that the EMA is uniquely qualified to share its experience with the Council as it relates to the District’s RPS and its continued use as the primary policy framework on the path toward 100% clean energy.

View the Full Comments Here

Renewable Portfolio Standard Policy Recommendations for the Clean and Renewable Energy Component of New Jersey’s 2019 Energy Master Plan

EMA Staff — Fri, 12 Oct 2018 21:19:49 GMT

The Environmental Markets Association (“EMA”) appreciates the opportunity to provide input to the Clean and Renewable Energy Work Group (“Work Group”). EMA applauds Governor Murphy’s goal of establishing a path to 100% clean energy for New Jersey (“NJ”) by 2050 and commends the Board of Public Utilities (“BPU”) for its leadership in making New Jersey a national leader in renewable energy. NJ’s renewable portfolio standard (“RPS”) policy has been successful at incentivizing new clean and renewable energy generation since its enactment and serves as an example for other states’ policymakers. We look forward to participating in this process to ensure NJ accomplishes its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner.

The EMA is a U.S.-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide, nitrogen oxide, and greenhouse gas emissions, as well as state-driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with RPS compliance, REC trading, and renewable energy investment in several states and, collectively, have contributed to the aggregate economic investment of billions of dollars to achieve NJ’s RPS. The EMA has a vested interest in the continued success of market-based mechanisms and RPS programs throughout the U.S. Given this, we believe that the EMA is uniquely qualified to share its experience with the Work Group and the EMP process that New Jersey is embarking on, especially as it relates to NJ’s RPS and its continued use as the primary policy framework on the path toward 100% clean energy by 2050.

View the Full Comments Here