Barclays Capital has launched a standard forward agreement for the trading of certified emissions reductions (CERs) in a bid to improve liquidity in the secondary CER market.
CERs are created through emissions reductions projects in developing nations, and can be used by European emitters to meet their EU emissions trading scheme obligations.
The secondary market for CERs has been slow to take off, in part because CER transaction documentation generally varies from one deal to the next.
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Quant Finance Master’s Guide 2019
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?