European gas - Battle of the brokers

"Emissions markets are becoming full of bloody cowboys," complains a broker from a specialist environmental London-based brokerage. He is not alone in expressing the feeling that every cloud of CO2 now teems with brokers, banks, consultants, utilities, energy firms and funds clamouring for a piece of the silver lining. Since its 2005 launch, growth in the European Union emissions trading scheme (EU ETS) has been dramatic, with nearly EUR6.3 billion of European Union allowances (EUAs) traded