The initial participants are Italian utility Enel Trade, Japanese commodity trading giant Marubeni Corporation and the Public Power Corporation of Greece.
Icecap will source and manage a portfolio of carbon credits on behalf of those firms, using a floating price model that allows buyers and sellers of carbon credits to share price and delivery risk.
“We are taking a portfolio approach to spread the risk,” explains Icecap chief executive Ron Stone.
In the past 12 months, Icecap has signed
The week on Risk.net, December 2–8, 2017Receive this by email