15 December 2017
Environmental Finance is proud to announce the winners in its 18th Annual Market Rankings.
With more than 800 votes cast this year, the awards honour the expertise, endeavour and ingenuity of the leading brokers, traders and intermediaries in the environmental markets.
The Rankings are the largest and most closely watched poll of sentiment across the markets in carbon emissions, renewable energy certificates (RECs), weather risk and catastrophe risk.
The winners are selected by votes from Environmental Finance readers and other market participants, which judge that they have provided the best service over the past 12 months.
Peter Cripps, editor of Environmental Finance, said: "The higher response in this year's poll reflects growing confidence that recent reforms of the biggest environmental markets will boost activity and prices. This will inevitably lead to more companies participating to hedge their risk or exploit opportunities for trading profits."
Element Markets and Evolution Markets were the biggest winners this year, taking six awards each. The former was dominant in the markets for US renewable fuel credits, while Evolution retained its leading role in the North American and European carbon markets.
Law firm Baker McKenzie took home five awards, while Switzerland's South Pole Group won two carbon categories and two RECs titles.
Sompo Global Weather and Nephila shared the honours in the weather markets, each winning two categories and taking two runner-up slots.
Other multiple award winners include Redshaw Advisors, Vitol, Karbone, Aon Benfield, and Bluesource.
Among first-time winners were: Lucideon, crowned Best Verification Company for the EU ETS; ClearBlue Markets, voted Best Advisory in the North American carbon markets; Dentons, which took the title of Best Law Firm for North American RECs; and Weaver, crowned Best Verifier for Renewable Identification Numbers.
Full details of this year's Market Rankings will be published online and in the Winter print edition of Environmental Finance.