Gazprom signs up to Nord Pool's carbon market

The trading arm of Russian energy giant Gazprom - Gazprom Marketing & Trading - has registered to trade carbon products on Nordic power exchange Nord Pool.

Nord Pool is one of Europe's major carbon hubs, offering trade in European Union emission allowances (EUAs) and certified emission reductions (CERs).

Carbon trading is an area in which Gazprom is eager to expand. "We definitely see carbon as a major growth opportunity, and we have established a global carbon trading business to seek market posi