Seb Walhain


Seb Walhain, director of environmental products for Fortis Bank in Amsterdam,doesn’t wait for markets to develop – he prefers to drive development.As a result, Walhain has been involved with two firsts in the European emissionsmarket: the first trade and now the first Isda-based trade.

In February last year, Dutch utility Nuon and Shell completed the first tradein carbon dioxide emissions rights, whereby Shell agreed to sell forward to Nuona “significant volume” of allowances for 2005 – the