Written by best selling author and energy & environmental market analyst Peter C. Fusaro and renowned energy market expert and market commentator Tom James, this book demonstrates that the forces of energy and environmental issues and linked more than ever before. The beginning of European emissions and trading in 2005 and the implementation of the Kyoto protocol have accelerated efforts already underway in the US to use market forces to remediate environmental issues. Topics such as emissions trading, renewable energy trading, the fourth dimension in energy trading, and new outcomes on green project finance will be analyzed in this book.
Book Details:
- Author: Tom James
- ISBN: 9781118170045
- Year Published: 2006
- Pages: 250
- BISAC: BUS014010, BUSINESS & ECONOMICS/Investments & Securities / Commodities / Energy
About the Book and Topic:
Written by best selling author and energy & environmental market analyst Peter C. Fusaro and renowned energy market expert and market commentator Tom James, this book demonstrates that the forces of energy and environmental issues and linked more than ever before. The beginning of European emissions and trading in 2005 and the implementation of the Kyoto protocol have accelerated efforts already underway in the US to use market forces to remediate environmental issues. Topics such as emissions trading, renewable energy trading, the fourth dimension in energy trading, and new outcomes on green project finance will be analyzed in this book.
The outlook for emissions trading suggests that its use will continue to expand. Regulators favor trading because it allows them to avoid prescribing how and what sources should do, while instead focusing their resources on what they do best monitoring and enforcement. Environmentalists and the public like trading because it provides a greater degree of assurance that air quality will be improved by the required increment and on schedule. Technology vendors are using trading to bring to market new technologies that aid in both achieving compliance and generating revenues through the sale of surplus emission reductions. Emissions trading is a regulatory program that allows firms the flexibility to select cost-effective solutions to achieve established environmental goals. With emissions trading, firms can meet established emissions goals by: (a) reducing emissions from a discrete emissions unit; (b) reducing emissions from another place within the facility; or (c) securing emission reductions from another facility. Emissions trading encourages compliance and financial managers to pursue cost-effective emission reduction strategies and creates incentives to develop the means by which emissions can inexpensively be reduced.
The Energy & Emissions markets are predicted to grow substantially over the next decade driven by rising energy price volatility and more stringent environmental standards On 1 Jan 2005 the European Emissions trading scheme, involving 28 European countries, was launched with an aggressive agenda for expansion On 16 February2005, the Kyoto Protocol was implemented Two world class authors providing comprehensive coverage of this complex new market.
About the Author
Tom James is a Principal in the Energy s first VPN-internet based secure trading platform for OTC commodity derivatives. Over the years he has acted as an advisor and expert witness in trading and risk management issues to many firms In the commodity sector but with a focus on Central Europe, former CIS, Asia, and more recently the Middle East, and Africa. He is a member of the Energy Institute, the Global Association of Risk Professionals (GARP), Society of Technical Analysts Cambridge, Institute of Directors and of The Council of Energy Advisors and is a participant in the International Task Force on Commodity Risk Management at the World Bank. Tom is the author of several popular books including “Energy Price Risk” (Palgrave Macmillan, Jan 2003) which has been published in English, Chinese Energy s books have been published in Japanese, Italian & French.