The volume of trading in allowances, offsets and derivatives has been increasing in recent months. In this session, active market participants will talk about how transactions are being structured and priced.
Graeme Martin is a director of environmental products at Shell Energy North America (US), L.P. (Shell Energy), Shell’s North American-based marketing and trading subsidiary and an integral part of the Shell Trading network of companies. In particular, Martin is leading Shell Energy’s efforts to prepare for a carbon-constrained environment in North America. He is a regular speaker at industry conferences, and has testified before Congress on cap & trade program design. Shell Trading was the first to transact EU allowances under the EU ETS, and the first to trade IntercontinentalExchange’s California Carbon Allowance forward contract.