As long-term counselors in the global energy industry, Andrews Kurth has extensive experience in managing the legal context of climate regulation for our clients. Lawyers in our Climate Change practice group counsel energy production companies, manufacturing entities, state regulatory authorities, emissions-reduction project developers, leading carbon funds and investment banks, underwriters, lenders and traders on pertinent issues in climate change.

Our experience in the climate change arena combines our traditional energy and transactional experience with a superior understanding of emerging markets, legislative and regulatory issues, and business needs. Andrews Kurth does not just follow developments, we are intimately involved in shaping renewable energy and greenhouse gas markets, including representation on Capitol Hill, standardization of contracts for emission-reduction credits and renewable energy credits, development of renewable fuels and biomass projects, clean tech programs at university incubator centers, and work relating to carbon sequestration projects. Our place in the center of this dynamic field provides clients with up-to-the-minute advice on emerging developments from legislation to innovative carbon finance transaction structures.

Baker & McKenzie's climate change and carbon markets practice is uniquely global. We were the first law firm to recognise the importance of global efforts to address climate change and, from that early start, we have developed the most experienced and far-reaching team of carbon lawyers in the world. For more than ten years, our dedicated team of over 60 lawyers has worked on numerous pioneering deals, including the first carbon acquisitions, the first carbon fund, the first structured
derivative transaction and the first REDD project. In 2008 and 2009, legal directory Chambers Global ranked our practice as Tier 1 for climate change law.

Bank of America Merrill Lynch is one of the world's largest financial institutions.  Our Carbon Markets team sits within the Global Commodities business and is active across all segments (emissions trading, origination, structuring, and sales), geographies (Europe, Americas, Asia-Pacific, and Emerging Markets), and products (EUA, CER, ERU, CRT, RGA, VER) of the carbon markets.  In addition, through working with colleagues across our diverse banking businesses, we are able to offer bespoke carbon-linked products in several asset classes (e.g., commodity, debt, equity, fixed income) for a variety of investors including private equity, institutional investors, and retail investors.

BlueNext is one of the world’s leading environmental trading exchanges. We evolved out of Powernext, but were founded by NYSE Euronext and Caisse des Depots, in December 2007. This has given us certain innate strengths:

•  A deep understanding of the Energy market in general.
•  Access to, and support from, the world’s largest and most liquid exchange group.
•  And from the world’s safest bank – an inherent regard for minimising risk.

Our members enjoy: great liquidity; zero counter-party risk due to our unique delivery versus payment system; immediate settlement of their trades; and un-matched levels of client service.

Members can trade both Spot and Derivative products.
 

Camco is a carbon asset developer with 250 employees and strong advisory support teams working in sustainable energy, energy policy, carbon qualification, finance and asset investment. With offices in 20 locations in 14 countries, Camco has been awarded the Carbon Developer award by its peers for 3 years running. It grew out of Energy for Sustainable Development (ESD), a company formed in 1989 to develop sustainable energy solutions for low-carbon growth and development, Camco listed on the LSE in 2006 and now has one of the world’s largest portfolios of carbon assets from the CDM, JI and voluntary sectors.

Carbon Resource Management's team of highly respected professionals have successfully registered over 35 CDM projects and has already delivered emission reductions from over 20 of projects. Working on windpower, biomass, coal mine methane, waste heat recovery, hydropower, district heating and combined cycle power projects, the team take projects from their initial concept stage, all of the way through the CDM cycle to the sale of emission reductions. The company has a proven track record, stemming from having worked on the first CDM project in China, as well as the first windfarm in the world to be registered under the CDM.

 CDC Climat is Caisse des Depots' subsidiary launched in February 2010 to tackle climate change by taking action in three areas:

• It develops, either alone or with its partners, carbon market infrastructures: exchanges, registries and solutions for carbon assets trading and custody. On the strength of its experience in Europe, it supports the introduction of international, national and regional climate policies.
• CDC Climat invests in carbon assets either directly or in the form of innovative funds open to long-term investors. It aims at reducing CO2 emissions by 25 Mt per year.
• Its research team, CDC Climat Research, conducts independent, neutral analyses for public authorities, market players and the general public.

Climate Change Capital (CCC) is an investment manager and advisor specializing in the opportunities created by the global transition to a low carbon economy. CCC manages funds that invest in companies, projects and technologies which provide products or services facilitating climate change mitigation or adaptation.  As of December 31st 2009, CCC manages commitments totalling US$1.5 billion of assets across the following asset classes: Carbon Finance, Private Equity, Property & Energy Infrastructure.

Climate Exchange plc (CLE) is a company listed on the AIM section of the London Stock Exchange. The CLE group is principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments, including emissions reduction credits, designed to support and lower the economic costs of achieving environmental objectives.

Climate Exchange plc has three core operating businesses: European Climate Exchange (ECX) which operates an exchange that focuses on compliance certificates for mandatory European Emissions Trading Scheme ("EU ETS"),  Chicago Climate Exchange (CCX) which operates the world’s first voluntary, but contractually binding cap and trade system for greenhouse gas emissions reductions and Chicago Climate Futures Exchange (CCFE), a regulated exchange in the U.S. with a growing portfolio of environmental futures contracts.

In addition, Climate Exchange plc is also investing in new product development such as IFEX and in other geographic regions including China, Canada and Australia.

DLA Piper offers legal services to the carbon markets. Our climate change advice is coordinated by our market-leading international Energy and Water group, which brings together more than 200 dedicated lawyers around the globe. Our lawyers have regular and in-depth experience in the energy sector, offering timely advice on all types of local and cross-border projects, including those at the leading edge of the climate change market. We advise governments, sponsors, lenders, funds, utilities, traders and consortia on all aspects of the energy business, and across all fuel types. Climate change issues are integral to this work, in particular: clean conventional energy through carbon capture and storage; emissions trading; renewable energy; energy efficiency strategies; and CDM, JI, VER and other greenhouse gas reduction projects.  

EcoSecurities structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits. EcoSecurities works with companies in developing and industrialising countries to create emission reduction credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in a wide range of sectors, including renewable energy, agriculture and urban waste management, industrial efficiency, and forestry.
 

The Eurex Group is a leading provider of trading and clearing services organized to deliver innovation and excellence across the value spectrum.

Eurex Exchange offers global electronic access to a broad range of international
benchmark derivatives and provides  multi-asset class trading opportunities in more than 1,200 products including fixed income, equity, equity and dividend index as well as various commodity derivatives like gold, silver, emissions and power.

Today, Eurex Exchange and the International Securities Exchange (ISE) provide a global liquidity pool trading more than 10 million contracts every day.

Working with partners around the world, Eurex Group is dedicated to shape global markets, where customers can find new opportunities.

Eurex Group comprises Eurex Exchange, the International Securities Exchange (ISE), Eurex Clearing, Eurex Repo and Eurex Bonds are Eurex Group.

For more information please visit www.eurexchange.com.

First Climate is a carbon asset management company with offices on five continents. With more than ten years’ experience in the market, it is one of the few intermediaries to cover the entire carbon credit value chain. First Climate develops, finances, and implements CDM, JI, and VER projects, purchases the resulting carbon credits, and customizes trading solutions for companies subject to the EU ETS. As investment advisor to several institutional investors, First Climate structures and develops carbon funds and related products. In the voluntary market, the company provides VERs verified according to the highest international standards.

 Fulbright & Jaworski, L.L.P. has long been recognized as a leading international law firm with particular strength in the environmental, energy (both traditional and alternative energy), regulatory, transactional and finance areas of law. In addition we represent clients involved in major capture projects, many of the world's largest green building (LEED) projects and numerous wind and solar energy power projects. In our Climate Change practice, we are able to provide to our clients the full spectrum of services and depth of experience required to support their business activities. With offices in Europe, the Middle East, Asia and across the United States, we work seamlessly for our clients any where in the world. To find out more about our Climate Change group and to download helpful resources in this area, see our Climate Change website.

Generation Investment Management is an independent, private, owner-managed partnership with offices in London and New York. Generation's investment approach is based on the idea that sustainability factors—economic, environmental, social and governance criteria—will drive a company's returns over the long term. In 2007, Generation launched its second strategy, the Generation IM Climate Solutions Fund. This Fund invests in private equity, restricted public equity and unrestricted public equity and the strategy is focused exclusively on deploying capital to help solve the climate crisis.

Generation is committed to partnering with management teams to ensure long term value creation. We offer access to a unique network of leading experts on the climate crisis, and the edge and insight that comes with a global research platform dedicated to understanding sustainability challenges. The Climate Solutions Fund offers growth capital to help companies scale and deploy their solutions. We provide funding and global business-building expertise to a range of businesses. We typically do not take pure technology risk, preferring to focus on business strategy, regulation and scale up risk. In addition, Generation has a strategic alliance with Kleiner Perkins Caufield & Byers (KPCB) to find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the climate crisis.

Greenbank is the largest independent trader of RECs in Australia. We employ a team of people in our busy data centre where we process and register environmental credits under the various state and federal schemes as well as the voluntary offset market. Using Greenbank as your service provider will give you a competitive edge, a streamlined paperwork trail, fast payment terms and a happy working relationship. We understand paperwork can be confusing, so our friendly staff are happy to help and just a phone call away.

Green Gas is an international clean energy company that specialises in converting methane emissions from coal mines, landfills and biomass into clean energy and valuable carbon credits.

Whilst improving our customer productivity and safety, we provide new and clean sources of electricity and heat, and eliminate a potent greenhouse gas and waste.

We offer a fully funded, integrated and commercially attractive solution for gas management and utilisation for coal mine and landfill owners, including the process of qualifying carbon credits. We cover gas collection, gas drainage, project management, operations and maintenance, carbon credits and finance.

With over 50 projects operating around the world, and a consolidated 50 year track record in the industry, we are expanding our project portfolio rapidly, thereby helping customers and communities worldwide to reduce their carbon footprint, in a commercially viable way.

Hunton & Williams, a leading multinational law firm founded in 1901, has 18 offices worldwide and 1,000 attorneys. The firm provides legal services to corporations, financial institutions, governments, non-profit organizations and individuals. Hunton & Williams is well-known for its strong focus on energy and the environment.

Hunton & Williams has an active Climate Change Law and Policy Practice, spanning the areas of carbon finance and trading, regulatory compliance, risk management and disclosure, climate change-related litigation, dispute resolution and government relations. The firm has a global renewable energy practice, a leading AIM-listing practice and strong experience in energy trading.

Industry RE provides a specialist platform to help reduce carbon emissions and develop new energy from renewable sources.

We help corporate clients and individuals to reduce CO2 in a way that delivers commercial, personal and environmental benefits.

ING is a global financial services company with more than 75 million customers in Europe, the United States, Canada, Latin America, Asia and Australia. Based on market capitalization (Jan 2009, MSCI, Bloomberg), ING is one of the 20 largest financial institutions worldwide. Emissions Products is one of ING's commercial banking businesses and has a primary focus on the Kyoto Protocol's CDM and JI project-based mechanisms for reducing greenhouse gas (GHG) emissions. Through ING's international network the Emissions Products team assists our clients in developing and industrializing countries to originate, develop and market GHG emission reduction projects. Through our client contacts and presence in the world's leading financial centres we can also provide project owners access to a wide range of buyers of emission reduction credits.
 

JPMorgan Environmental Markets business is the only bank to offer clients a full end-to-end solution across origination, sales, trading and risk management on a global basis, in both compliance and voluntary markets. JPMorgan is also one of the leading market-makers in exchange traded and over-the-counter environmental products. Moreover, capitalising on its platform as a global investment bank, JPMorgan is a leading player in the public policy space, in Europe, the US and internationally. It is strongly represented on the CMIA Board and in CMIA working groups.
 

With offices in 26 major business and financial centres in 19 countries, Linklaters specialises in advising the world’s leading companies, financial institutions and governments on their most challenging transactions and assignments. As climate change fast becomes the issue of our times, companies, banks and funds look to maximise business opportunities and understand the risks in this innovative and increasingly influential market.  Our climate change practice comprises more than 12 lawyers in London, with more than 20 lawyers across the world, including Asia, Europe and the US, several of whom are acknowledged as leaders in this field.

Our team has a real commitment to understanding the regulatory and policy drivers of the market for low carbon and energy efficient technologies, and we advise on these issues across a wide range of contractual and contentious matters. We offer an in-depth knowledge of emissions trading and have considerable experience in advising corporates, hedge funds and financial institutions on the EU ETS, CDM and JI under the Kyoto Protocol and the related jurisprudence of the United Nations Framework Convention on Climate Change, on emerging US compliance schemes and on the various voluntary and pre-compliance markets. Our varied experience covers the full range, from straightforward ERPAs to market-leading structured trades and funds.   

The McGraw-Hill Companies, Inc. provides information services and products to the financial services, education, and business information markets worldwide.   As businesses, consumers and governments increasingly factor the environment into their decision-making, the sustainability market will continue to grow, and so will the need for benchmarks, standards, financial models, courseware, curricula and professional education.

Our leading brands such as Standard & Poor’s, McGraw-Hill Education, Platts and JD Power & Associates are uniquely positioned to provide trusted information that will help market participants understand and adapt to the rapidly changing green economic landscape and make better, more informed decisions. 

The McGraw-Hill Companies is helping to lay the foundation for a greener global economy and a more sustainable future.

*The McGraw-Hill Companies do not participate in CMIA's policy work.

Norton Rose Group is a leading international legal practice. We offer a full business law service from our offices across Europe, the Middle East and Asia Pacific.
 

Knowing how our clients’ businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in financial institutions; energy; infrastructure and commodities; transport; and technology.
 

We have over 1800 lawyers operating from 30 offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brisbane, Brussels, Canberra, Dubai, Frankfurt, Hong Kong, London, Melbourne, Milan, Moscow, Munich, Paris, Perth, Piraeus, Prague, Rome, Shanghai, Singapore, Sydney, Tokyo and Warsaw and from associate offices in Ho Chi Minh City, Jakarta and Riyadh.
 

Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia and their respective affiliates. 
 

PricewaterhouseCoopers has been advising policy makers and companies on climate change since 1997, helping them to analyse issues and develop practical solutions to the challenges they face. With a global network of over 800 Sustainability and Climate Change professionals,

PricewaterhouseCoopers offers a broad range of advisory, assurance and tax services that guide clients through the complexities of adapting to a low-carbon economy and a resource constrained world.

• Project origination
• Project planning
• Project management and execution
• Climate change expertise covering all aspects of the Kyoto-CDM approval cycle
• Funding
• Best in class technology and carbon chain management

Through its strategy of assuming project risk and sharing project economics, SCC is a powerful partner for potential hosts and buyers of carbon credits alike.
 

The Climate Change practice at Skadden comprises attorneys from multiple disciplines in our offices across the globe, with significant experience in all aspects of climate change law and strategy, including carbon finance, e.g., greenhouse (GHG) emission offset and allowance development, trading and monetization; transactional, regulatory, financial and compliance counseling; international negotiations and policy matters; alternative and traditional energy; and intellectual property and technology issues associated with energy projects and GHG emissions reduction and capture technologies.  Chambers Global and Chambers USA have recognized Skadden's lawyers as leaders in the field.  Skadden also garnered recognition as Best Law Firm – U.S. Emissions All Markets, and Runner Up – Best Law Firm – GHG Emissions North American Mandatory Markets in the definitive survey of market sentiment conducted annually by Environmental Finance and Carbon Finance. 

Spectron is an intermediary broker/marketplace in wholesale environmental and energy markets: emissions and environmental products, natural gas, electricity, oil, petroleum products, coal, weather derivatives – around 500 billion dollars worth of products trade through Spectron annually. Spectron facilitates the trading of financial derivatives as well as physical transactions, and we are able to guarantee client-neutrality because we do not trade or take market positions. Spectron is regulated and authorised by the Financial Services Authority in the UK and Europe.

Standard & Poor’s is a leading credit rating agency with growing expertise in the area of carbon markets. The company has a rich history of providing global industries with a range of vital services, including analytics, forecasting and research. Currently, Standard & Poor’s is working on several carbon-related initiatives. It is further exploring the possibility of providing products to assist financial structures that are under development as part of the mobilisation of private sector funds to achieve goals set under the Copenhagen Accord. Standard & Poor’s is also developing a sectoral analytical methodology to determine carbon exposure that will enhance its assessment of corporate creditworthiness. Its credit assessments and ratings for renewable energy projects help to enable private and public financing for these projects. Its family of Carbon Efficient  Indices plays an effective role in delivering the eco-conscious message to the private sector assisting stock market mechanisms to reward companies that are more carbon efficient. In all its carbon activities Standard & Poor’s is at the forefront to meet the needs of an evolving financial system that rewards companies for following the path of sustainable development.

*Standard & Poor's do not participate in CMIA's policy work.

TFS Green is part of Tradition, a one of the world’s largest interdealer brokerage firms. With offices in 24 countries, Tradition covers over 3,000 institutional clients and covers markets ranging from global foreign exchange, energy and environmental products, commodities, equities, coal, freight, precious metals, property and pulp & paper markets to money markets, derivatives and bonds and repos.

Tradition’s CDM & JI business, TFS Green, focuses on the development of innovative CDM & JI brokerage structures, and prides itself on pushing the boundaries into new areas of the CDM such as Programmatic and Gold Standard Projects. It was awarded “Broker of the Year 2010’’ by Point Carbon, as well as a total of 16 awards for its services within the environmental markets from Environmental Finance in the last awards – the highest number won by any company in the history of the awards. TFS Green and Tradition have various offices around Asia, including China, Hong Kong, Japan, Singapore, and the Philippines, and in South America in Chile and Brazil. It also works through associate firms in Vietnam and India.  

Tricorona has world leading expertise in developing green projects that meet the requirements of UN-standard Clean Development Mechanism (CDM). We ensure that the project fulfills all the required environmental criterias under the Kyoto protocol.

Tricorona is one of the most active developers and buyers of CDM projects in the global market. Tricoronas aim is to promote and develop CDM projects, thereby reducing the causes of climate change, while contributing to sustainable development.

The company is also a leading player in the voluntary offset sector, and a vendor of the highest quality of carbon offsets with the largest amount of Gold Standard CER’s in the market.