1 March 2024
Tim Atkinson
Following a successful year, CFP Energy is delighted to have been voted a winner in the Environmental Finance Environmental Market Rankings 2023-2024. The rankings acknowledge CFP Energy's outstanding contributions and expertise in carbon markets and emissions trading, solidifying their position as industry leaders.
CFP Energy were voted as winners in the following awards:
Additionally, CFP Energy earned recognition as a runner-up in the following categories:
These awards are particularly pleasing given the rankings are based on client votes. We hope this underscores CFP Energy's efforts to provide clients with market leading solutions to manage compliance in carbon markets, particularly in the UK ETS and EU ETS.
The rankings come amid a period of lower allowance prices and bearish fundamentals in the short term but companies should prepare for the challenges ahead in both the UK and EU ETS.
Tim Atkinson, Director of Carbon Sales and Structuring at CFP Energy, remarked, "Given future price forecasts expect allowance prices to be back over €100/£100 per CO2e by 2027, our view is that ETS operators face a choice on whether to decarbonise over the next 5 years, budget for higher carbon prices or use the current market to lock in compliance costs now whilst allowance prices are at favourable levels.”
With ETS targets set to tighten by 2030 and beyond, CFP Energy look forward to working with our customers to develop effective risk management strategies for carbon markets.
If you would like to find out more about our award-winning services, and how we can work together, please don’t hesitate to get in touch.
From regulatory compliance to ESG initiatives, the financial impact of the evolving energy landscape on your business is important. The balancing act between doing what's right for the future of your business, your clients, and our planet is not a simple decision, but an important one to get right.
With Article 6 developments set to drastically affect views on quality and integrity in the VCM, now more than ever it is essential to gain an understanding of what exactly Article 6 is, how the VCM is involved, and why it is so important.
On 30th January the EU Commission adopted the most recent draft of the delegated act amending the free allocation regulation to the EU ETS. The regulation will adjust free allocations from this year.