Mercuria CSR Report 2020 - Flipbook - Page 30
CARBON
EMISSIONS
PRODUCTS
The evolution of a market which
gradually finds its way in the
broader energy ecosystem.
Since 2007, Mercuria has participated in all major
Nations Framework Convention on Climate
carbon markets around the world including EU
Change
ETS, North American Regional Greenhous Gas
standards such as the Gold Standard for the
Initiative (RGGI) and Californian Cap-and-Trade
Clean Development Mechanism (GS CDM) or
Program.
the voluntary Gold Standard (GS VDR) which
(UNFCCC)
program,
working
with
highlights our expertise in the carbon value
Mercuria believes that pricing carbon emissions
chain. Indeed, Mercuria has developed a range
is key in order to decarbonize our economies.
of approved methodologies in the identification,
Therefore, the CO2 emissions certificate or
validation and registration of Clean Development
allowance can be seen as a major facilitators of
Mechanism (CDM) projects. We also have assets
the energy transition.
active in project developments, as can be seen
by the acquisition of MGM International Group in
At Mercuria, carbon origination and trading
2010 – a strategic partner with a large portfolio of
ideally complements activities in biofuels, coal,
projects. Above all, we are specialized in helping
power, natural gas, LNG, crude oil and refined oil
our customers to identify new opportunities in
products. Our carbon desk interacts closely with
order to add a sustainable value in their carbon
these desks in order to understand as precisely as
reduction projects. More recently, we have
possible the dynamics of CO2 price formation. Our
successfully completed projects and are planning
European carbon desks work with entities covered
to grow this number in the coming years.
by the EU Emissions Trading Scheme. We provide
liquidity to help them manage their compliance
The first quarter of 2021 has been an exciting
obligations and to protect against the volatility of
period for Mercuria’s CO2 trading desk. We have
the underlying CO2 price, through various hedges
launched the carbon neutral fuels under Minerva’s
and structured solutions. We trade and provide
carbon offsetting program and have participated
liquidity on the main carbon exchanges.
in the recent launch of Global Emissions Offset
(GEO) futures trading by CME Group. The former,
We manage carbon offsets under the United
30
Minerva’s carbon offsetting program, manifests
