Trading
First Climate’s trading desk is our gateway to the commercial markets.
We serve our clients in their trading activities as an internationally established participant in the CO2-Market. Consequently, we are always open to new trading opportunities.
We deal in all carbon commodities
European Union Allowances (EUAs)
EUAs are allowances that are issued by EU member states. EUAs are allocated free of charge, auctioned or sold to market participants in the EU ETS. With a trade volume of 4,8 million tonnes in 2010, EUAs are the most important carbon commodity worldwide.
Certified Emission Reductions (CERs)
CERs are issued for emission reductions from Clean Development Mechanism projects within the framework of the Kyoto Protocol. CERs can be bought at different project stages:
• Primary CERs: no guaranteed delivery as CERs are not issued yet
• Secondary CERs: with guaranteed delivery
With a trade volume of almost 1 billion tonnes in 2010, CERs trading ranks second after EUAs in terms of volume.
Emission Reduction Units (ERUs)
ERUs are Kyoto Protocol units that are generated for emission reductions or emission removals from Joint Implementation projects carried out in industrialized states.
Verified Emission Reductions (VERs)
We also trade VERs in the voluntary carbon market and carbon certificates from other emissions trading schemes.
