April 19, 2017 by Ronjoy Bezbarua
(Source: Press Release) Evolution Markets, a leading global carbon markets brokerage, and ClearBlue Markets, a leading Canada based carbon markets advisory firm, announced today they will collaborate to provide a full suite of transactional and risk management services to participants in American and Canadian carbon markets.
ClearBlue and Evolution Markets will work jointly with North American carbon market participants to assist in risk management and trading strategy development, regulatory compliance, and efficient trade execution. ClearBlue will provide carbon asset management, commodity risk management, regulatory and market intelligence, and carbon market agency services. Evolution Markets will provide introductory brokerage and trade execution services, as well as carbon market data solutions.
“Market participants in California, Quebec, and Ontario can now come to ClearBlue and Evolution Markets for a comprehensive set of advisory and market services enabling seamless strategies from inception to execution,” said Lenny Hochschild, Managing Director for Evolution Markets Inc. and head of U.S. Carbon Markets Services. “We are delighted to team with ClearBlue and its deeply experienced principals.”
Principals with the Toronto-based ClearBlue Markets have decades of risk management and trading expertise in the world’s largest carbon market, the European Union’s Emissions Trading Scheme. The group specializes in consultancy services for emerging Canadian carbon trading markets. Evolution Markets’ U.S. carbon markets brokerage team is based in San Francisco and New York and has been consistently recognized as the top broker in North American carbon markets.
“With the emergence of carbon trading in Quebec and now Ontario – and their linkage with California, market players need advisors experienced across jurisdictions to navigate compliance regimes and take advantage of market opportunities,” said Michael Berends, Head of Carbon Sales at ClearBlue Markets Ltd. “Our broad set of advisory, carbon management and agency services compliments well Evolution Markets’ market knowledge and efficient brokerage services.”
The two firms have also stated that their collaborative advisory and market services are available immediately to companies working toward carbon emission compliance in California, Quebec, and Ontario, as well as firms seeking trading opportunities in these markets.
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