Represents a permit to emit one tonne of carbon under the EU Emissions Trading System. Since one European Union Allowance Unit (EUA) of one tonne of CO2, is equivalent to one ‘assigned amount unit’ of CO2 defined under Kyoto, it is possible to trade EUAs and United Nations Framework Convention on Climate Change-validated Certified Emission Reductions (CER) on a one-to-one basis within the same system.
The Energy Risk Glossary, now in its eighth edition, provides an at-a-glance explanation of the myriad specialised terms and acronyms used in energy trading and risk management.
This year, the guide has been updated by Aviv Handler of ETR Advisory. Energy Risk would like to thank him for his input into this edition, which benefits greatly from his valuable experience and insight into energy markets.
The fast-changing nature of these markets means much has changed since our last edition – almost 200 new entries and revisions have been made this year. Reflecting the increasing importance of regulation, definitions of the Markets in Financial Instruments Directive (MiFid) and the Ljubljana-based Agency for the Cooperation of Energy Regulators (Acer) make it into the glossary for the first time. A focus on improving back-office infrastructure and mitigating counterparty risk is also apparent from the inclusion of terms such as ‘portfolio reconciliation’ and ‘portfolio compression’.
The glossary is extensively cross-referenced, making for easy and thorough searches. We hope you find it useful.
More on Energy
CME Group's international coal and Brent futures generate growth
Trading firm sees rapid expansion in markets and counterparties
Broker remains committed to specialised areas despite difficult market
Bank’s commitment to energy commodities wins praise from clients
Sign up for Risk.net email alerts
Research chief is sceptical about end of oil indexation in European gas
Mexico's energy reform may lead to closer ties with adjacent US states
Swap dealers playing a guessing game while complying with CFTC rules
Bill Perkins believes rising demand and reduced risk warehousing will create opportunities for natural gas traders: video
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.