1st Edition
40 Classic Trades in the Environmental Markets Real-Life Examples of Innovative Trading
Introduction to the environmental markets Part 1 Environmental market pioneers 1. Trading away acid rain JOHN B. HENRY 2. Developing environmental auctions RICHARD SANDOR 3. Valuing a new market GARTH EDWARD 4. Trading the first EUA CLAIRE BYERS 5. Trading the first ISDA-backed EUA INGO RAMMING Part 2 Trading compliance carbon schemes 6. Balancing trading profits with social impact LIU YU 7. Carbon cash and carry DAVID BESANCON 8. Arbitraging compliance auctions FRANCIS LESSARD 9. Trading the human factor FRANCISCO GRAJALES 10. The power of linkage CHELSEA BRYANT 11. Trading California carbon during COVID-19 MIKE TAYLOR 12. Trading the EUA-CER spread STEF PETERS Part 3 Trading ethanol 13. Trading the early days of Brazilian ethanol NELSON OSTANELLO 14. Trading ethanol into Brazil RICARDO PARADA 15. Trading ethanol as an index DOUGLAS DIAS 16. Launching Brazilian biofuel credits PLINIO NASTARI Part 4 Trading biodiesel and feedstocks 17. Biofuels: from arbitrage to assets NEVILLE ATTERBURY 18. Finding the value of used cooking oil DHIMAS ARIF WIBOWO 19. Trading biofuel arbitrages GAETANO LUCISANO 20. Finding value in feedstocks FILIPPO BASEVI Part 5 Trading voluntary carbon schemes 21. Trading market structure ALFRED EVANS 22. Trading onshore Africa OMAR EL NEMR 23. Re-aligning CORSIA spreads SIMON CROOKS 24. Trading carbon-compensated crude oil JUAN CARLOS SANTACRUZ 25. Trading cross-border Chinese emissions JEFF HUANG 26. Offsetting in the Japanese market KEISUKE KIMURA Part 6 Trading biomass 27. Trading the bark spread REMCO FRENKEN 28. Biomass storage arbitrages RONNIE KRISTENSEN 29. Generating a win-win for biomass TOM JAMES Part 7 Classic environmental finance trades 30. Bringing securitization to carbon FENELLA AOUANE 31. The Chinese barrier option PHILIP HARDWICK 32. Trading through pre-payments MARTIN BERG 33. Developing forest bonds LASSE RINGIUS Part 8 Trading water markets 34. Trading water forwards LEX BATTERS 35. Trading from the wetlands GEORGE KELLY Part 9 Trading as a project developer 36. From trading to projects ALEXIS LEROY 37. Pricing voluntary projects DARIA DYNCHEVA 38. Dealing with political risk TORLEIF HAUGLAND 39. Writing the trading rules JEFF COHEN 40. Bringing the JI to Russia TATIANA FAYZULLINA
Biography
Owain Johnson is the Global Head of Research and Product Development, CME Group. He is the author of The Price Reporters: A Guide to PRAs and Commodity Benchmarks and 40 Classic Crude Oil Trades: Real-Life Examples of Innovative Trading, and the co-author of Treasury Bond Futures and Options.
