HOW I SEE IT BY RICHARD SANDOR

DJSI WORLD:TWO YEARS ON

The Dow Jones Sustainability Indexes have just undergone their second annual review – which has boosted their transparency as well as their size

GREEN CERTIFICATES

A GEM OF AN IDEA

As Europe prepares for trading in ‘green certificates’, it would do well to study the existing Australian market, says Chris Crookall - Fallon and Geoff Sinclair

WEATHER REPORT – PRECIPITATION

STREAM FLOW DEALS QUICKEN

Hedging against precipitation risks may still be problematic, but hydro power operators and farmers are beginning to eye new transactions. More . . .

WEATHER REPORT – DATA

THE DATA DEBATE

The market’s current choice of weather data could place hurdles in the way of more active trading, argues Cindy Dawes

WEATHER REPORT – FORECASTING

BEATING THE NORM

Accurate long-term forecasting may be beyond the grasp of existing meteorological science, but the right combination of models and physical data can improve traders’ chances, say Lixin Zeng and Gad Levy

REPORTING

A MISSED OPPORTUNITY?

Supporters of wider corporate reporting high hopes for the UK’s Company Law Review. Chris Knight questions whether they’ve been realised

MARKET VIEW

THE MISSING LINK

Michael Canterbury calls for emissions controls to be incorporated into enterprise-wide risk management systems

PROFILE

PRABHU GUPTARA

Conference supplement

Trading Carbon - Market solutions to climate change

INTRODUCTION

NOT QUITE HOME AND DRY

COP 7 may not be hogging the limelight, but crucial questions about the Kyoto Protocol remain unanswered – and could still cause hiccups. Mark Nicholls reports More...

KYOTO PROTOCOL

THE DEVIL IN THE DETAILS

The last UN climate change convention may have been a political breakthrough for the embattled Kyoto Protocol, but the small print still needs refining, says Eduardo Dopazo

EMISSIONS TRADING – JAPAN

INDUSTRY WAKES TO KYOTO REALITY

The Keidanren, Japan’s powerful industry body, is toning down its opposition to the Kyoto Protocol as its members start to explore emissions trading, reports Melanie Goodfellow

EMISSIONS TRADING – DENMARK

POWER SECTOR LOOKS TO EUROPE

Danish power firms were the first in Europe to join a mandatory greenhouse gas ‘cap-and-trade’ scheme. But, as Eurof Thomas reports, they are now keen to see the emissions playing-field levelled

EMISSIONS TRADING – UK

GHG TRADING: EASIER THAN YOU THINK

For companies that have got to grips with their emissions profile, the new UK trading scheme poses fewer barriers to participation than many believe, argues Bridget Rosewell

EMISSIONS TRADING – SWITZERLAND

HALF A LEAP FORWARD

Switzerland’s new carbon dioxide law will introduce a market in emissions permits, but with restrictions that could hinder trading, say Josef Janssen and Urs Springer

INVESTMENT FUNDS

FUNDS OFFER CARBON ‘KICKERS’

The Kyoto Protocol has spurred the growth of a new type of investment vehicle – the carbon fund. Mary Jean Bürer