| Features, February
2000 |
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| SECTOR FOCUS: OIL & GAS |
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'BEST IN CLASS'
OILS TROUBLED WATERS
Environmental Finance polls four leading eco-rating firms to find
the sector leaders in terms of sustainability and environmental performance
among oil and gas companies. Mark Nicholls talks to the analysts to
find out what they consider to be the key issues facing the industry.
More... |
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| SECTOR FOCUS: OIL & GAS |
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SHELL STEPS OFF
THE GAS
Royal Dutch/Shell is the latest company to launch an internal pilot
trading scheme for greenhouse gas emissions. Graham Cooper takes an
in-depth look at the scheme's design, and examines the goals and thinking
behind the initiative.
More... |
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| CATASTROPHE INSURANCE |
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WINDS OF CHANGE
The two windstorms that swept across Northern Europe over Christmas
1999 could presage an increasing number of extreme weather events.
Brian Bollen reports on their impact on the insurance sector, and
how the industry is addressing the dangers of climate change. |
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| HOW I SEE IT |
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TRADING WHILE
THE TEMPERATURE RISES
Richard Sandor looks at the new and growing market for weather derivatives
- but warns that while they can hedge against the short-term effects
of a changing climate, they are not long-term solutions for the future.
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| EMISSIONS TRADING |
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AUSTRALIA SHOWS
THE WAY
The Australian government has been issuing a series of discussion
papers on the likely shape of a domestic emissions trading scheme.
But while the government has been consulting, business and industry
has been doing. Consultant Tony Beck overviews developments in Australia,
which could very well influence policy-making elsewhere. |
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| MARKET VIEW |
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OFFSET CREDITS
- THE GROWTH OF A MARKET
Susan Wood, manager with Enron North America's emissions trading desk
explains how the offset credit market works. |
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| ECO-RATING |
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ENVIRONMENTAL
RISK BY NUMBERS
Robert Repetto and Duncan Austin of the World Resources Institute
outline a new methodology for quantifying companies' environmental
risk, designed to appeal to financial analysts and investors. The
US pulp and paper sector is assessed to illustrate the technique.
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| WEATHER DERIVATIVES |
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PRICING THE WEATHER
- BASIC STRATEGIES
What are weather derivatives and, more importantly, what are they
worth? Darren Toulson of Intelligent Financial Systems explains the
principles that underlie these financial instruments, and looks at
how dealers and users can accurately price them. |
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