Emissions trading

Facilitating the trading of carbon credits within the EU, under the Kyoto Protocol and internationally.

Clifford Chance recognises the importance that emissions trading plays in addressing climate change. It also recognises the role participants in this market have in providing the necessary liquidity and innovation to ensure that emissions trading remains an efficient way to achieve this role.

In recognition of this, Clifford Chance was the first law firm to form an Environmental and Climatic Trading Group (ECTG).

Clifford Chance's ECTG spans 17 jurisdictions and includes over 70 lawyers and allows us to offer an unrivalled pool of emissions trading expertise across Europe, Asia, the Americas and the Middle East delivering a tailored service to clients in a timely and cost-efficient manner.

We act for a wide range of clients in different sectors including the world's leading participants in the emissions market. We also advise regulatory authorities, supranational bodies, governments and government agencies and actively help shape the market, working with market organisations and clients to develop documentation, policy and best practice. We are at the forefront of transactional innovation in the market, for example, advising on the world's first insurance instrument to protect against Kyoto risk and developing the latest IETA emissions reduction purchase agreement (ERPA).

We are able to offer our clients a complete and comprehensive suite of legal services for all aspects of their climate change and emissions trading activities, including:

• Clean Development Mechanism and Joint Implementation projects
• Emissions trading under the EU Emissions Trading Scheme
• Carbon finance
• Risk transfer products
• Regulatory and policy advice and strategies
• Dispute resolution
• Public law advice
• Climate change strategies

For more information please contact one of the group's leaders.

View our emissions trading publications.