Introduction

The gold mine in the greenhouse

The carbon market is triggering a latter-day gold rush – in some of the unlikeliest places. Michael Northrop and David Sassoon go prospecting

Inside View

The business case

Carbon Expo promises to bring together the business community and carbon market regulators. Andrei Marcu sets out what the former want to see from the latter

Europe

One year in

The EU Emissions Trading Scheme is proving to be the driver of the global carbon market. Guy Turner examines what its first 15 months tells us about its likely development

Verification

Making the numbers add up

Emissions measurement and verification is the foundation of any emissions trading scheme. Miguel Rescalvo considers what lessons have been learnt from the EU ETS

Risk Management

Shifting the balance

New attitudes to risk-sharing, and new financial products, are urgently needed in the CDM market, say Karan Capoor, Chandra Shekhar Sinha and Mahua Acharya

Clean Development Mechanism

Clean compliance

The CDM market promises low-cost compliance with emissions targets. But how are corporate buyers responding to the opportunity? Adam Bumpus reports

Developer Profile

Replication and patience

Replicating Clean Development Mechanism projects is bringing growing volumes of credits to market, says Marcelo Junqueira, but developers and brokers must increasingly commit their own capital to ensure supply

China

Moving towards the 'project scenario'

China has come relatively late to the CDM but, now that it has arrived, its contribution to the market is likely to be huge, say Thorsten Ansorg and William Kentrup

Clean Development Mechanism

Winner's Curse

With no forward price curve, Certified Emission Reduction sales are like auctions – and buyers may be bidding too high, says Camilla Taylor

Japan

Looking beyond the voluntary

Japan is some way off its Kyoto Protocol target – and, with tougher emissions targets likely, many Japanese companies are looking overseas for carbon credits. William Rhode reports

United States

Outside the Oval Office

Forget Washington – the real action on climate change in the US is happening in state capitals and board-rooms. Kyle Danish looks beyond the Beltway

Developer Profile

A fair wind for the CDM

China’s Ningxia Helanshan wind farm shows how China is embracing the CDM, says Zhang Jisheng

Carbon Capture

Going underground

Carbon capture and storage is fast rising up the climate change agenda. John Kessels and Heleen de Coninck assess how this technology could influence the carbon market

Joint Implementation

Putting the building blocks in place

Shailendra Kumar Joshi, vice chair of the Joint Implementation Supervisory Committee, is optimistic that JI will soon become a reality

Joint Implementation

Russia and Ukraine to the rescue?

Is JI poised for take-off? Egbert Liese considers the prospects in the light of recent developments

Green Investment Schemes

Cooling down hot air

Are green investment schemes the answer to the ‘hot air’ dilemma? Natalia Gorina looks at the options

Kyoto Protocol

Eligible to trade?

Could Kyoto’s arcane ‘eligibility criteria’ trip up the international carbon market? Paul Bodnar considers the facts

Voluntary Action

Striking a balance - towards standardisation

Voluntary carbon reductions are becoming an increasingly important complement to compliance markets. Mahua Acharya and Derik Droekhoff look at efforts to standardise the commodity