The Winter Olympics Closing Ceremony was over two weeks ago now, and the world’s attention has moved on to other topics. Still, we here at the Thomson Reuters Point Carbon Research team were inspired by the Winter Games in Sochi and are missing the daily action so we asked, what would an Olympics of carbon markets look like? So, in the spirit of international sport, er, climate action, we humbly offer you the 2014 Carbon Market Olympics.
Athletes may compete for speed, but markets usually compete for size. But, talking about the size of a carbon market is a bit tricky; it’s closer to judging figure skating than speed skating. You can measure a market in a few ways: How many emissions does it cover? How much allowance trading is there? What are all those allowances worth? They’re all valid comparisons so let’s go through them one-by-one. Think of each measurement as a different event in our Carbon Market Olympics. There are more competitors in this Olympics that you might think, but here we’re just going to go through the highlights reel. You’ll see frequent appearances by the EU ETS, Europe’s carbon market which has been in operation since 2005, California, which started its market last year, RGGI, a carbon market in 9 Northeast and Mid-Atlantic states since 2009, Guangdong, a Chinese province that just launched its carbon market in December, and the “Chinese pilots”, which refers to 7 separate trial markets, including Guangdong, that have begun in the last few months as a pilot system before a future national carbon market in China.
By John A. Sten, Esq., Jason C. Moreau, Esq., and Bridget K. O’Connell, Esq., McDermott Will & Emery
06 Mar 2014Westlaw Journals Commentary
John A. Sten, Jason C. Moreau and Bridget K. O’Connell of McDermott Will & Emery discuss the unexpected impacts for investors and the financial community should the U.S. Supreme Court decide to abrogate the “fraud on the market” presumption.
In a recent commentary published in the Westlaw Journal Computer & Internet, Sideman & Bancroft intellectual property partner Kelly P. McCarthy and Samantha Von Hoene, a law clerk at the firm, discuss potentially sweet deals that can come about when two companies partner up for a co-branding strategy.
21 Feb 2014Melissa Sachs
Their commentary, “Co-branding: A sweet business strategy,” kicks off with the 2013 announcement that a version of Google’s Android operating system would be called “KitKat,” a named licensed from Nestle, the candy bar’s creator. We speak to Kelly P. McCarthy about this unexpected pairing and how companies can sniff out other successful co-branding deals. (more…)
Jeffrey Goldfarb and Breakingviews columnists discuss Facebook’s $19 bln acquisition of WhatsApp and the magical logic that needs to be used to explain the deal. Use this Breakingviews calculator to see what Facebook needs to do to make the deal stack up.
His commentary discusses insurance coverage issues related to oil and gas extraction through hydraulic fracturing (fracking), whether pollution exclusions apply and what type of discharges might be covered.
Even as their sons and daughters are wired into the world of Google and Apple, capital markets professionals are still operating in a world strait jacketed by closed architecture platforms, writes Ranjit Tinaikar of Thomson Reuters.
21 Jan 2014Thomson Reuters
It is now quite commonplace to say that the world of capital markets has entered a new normal post crisis. And one wouldn’t be far from reality when one makes such a statement. The two speed world of fast growing nascent markets in BRICs and slow growing matured markets of the developed countries is here to stay. Regulators are fundamentally compressing traditional margins enjoyed by banks, asset managers and insurers through stricter capital adequacy norms. Investors are shifting their focus to new asset classes (passive, alternate) and new distribution channels (RIAs) in a manner that is unprecedented.
However, when I asked the question: “Have we changed the way we use information and information technology in the new normal?” to a table of senior executives the answer was not convincing. In fact the answer was pretty much the same as I met senior executives across Asia, Europe, Middle East, USA, and Canada.
The fact is that much of the core technology used by capital markets professionals in making their trading or investment decisions were developed in 70s and 80s. The “desktop” is still the center of the capital markets professional solution even as the rest of the world is going mobile. For the most part, senior investment and trading professionals still operate systems that are based on mnemonic based codes that are hard wired into their brains through many years of use — even as their sons and daughters are wired into the world of Google and Apple. While revolutions have been triggered and lives saved through innovations in open collaboration and connectivity, the world of capital markets is still operating in a world strait jacketed by closed architecture platforms and solutions. (more…)