Caps on NAPs

More stringent emissions caps are being put on EU member states. Miles Austin of EcoSecurities examines how countries are responding to the new limits

Since the last report on the European Union Emissions Trading Scheme (EU ETS) in Energy Risk (January 2007), the European Commission (EC) has been consistent in its application of the rules regarding total allocation. A further 11 countries have had their National Allocation Plans (NAPs) ruled on – of these only the Slovenian and revised French

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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