Initial Focus on Natural Gas and Methane Performance

Growing awareness of methane’s contribution to climate change—pound for pound 80 times more potent than carbon dioxide in the near term—was punctuated at COP26 last year when 100+ countries pledged to cut methane emissions by 30% or more by 2030. In parallel, dozens of the world’s largest energy producers continue to make progress toward methane emission reduction goals established in multiple partnership programs (e.g., US EPA Natural Gas STAR, ONE Future, Oil & Gas Methane Partnership 2.0, and the Natural Gas Sustainability Initiative).

Read more: https://xpansiv.com/digital-fuels-program-launch/

The Environmental Markets Association (EMA) Board of Directors voted for Laura Duklewski, a Senior Manager of Trading at Constellation, to serve the remaining term of long-standing Board Member, Joe Roenbeck of PSEG.

Mr. Roenbeck has been a Board member for over a decade and a dedicated Gold Corporate member. Mr. Roenbeck was pivotal in creating and maintaining the highly acclaimed Regional Round Table series and has been a mainstay on panels at EMA Webinars and Annual Meetings. 

The EMA Board and membership will greatly miss Joe and are excited to have Ms. Duklewski add her perspective and extensive industry knowledge to the association at a time where the industry and organization are positioned for major growth. Ms. Duklewski brings over 18 years of experience in environmental trading and portfolio management across U.S. environmental markets with a specific focus on PJM renewables and voluntary clean product offerings. 

“I can’t say enough about how thankful and grateful I am for Joe. Joe's 10+ years of dedicated service to EMA allowed us to get through some really hard times," said EMA Board President Jack Velasquez of Marex Spectron. “We know that there are big shoes to fill, but anyone that knows Laura Duklewski, knows how much talent experience she brings to elevate EMA and these markets.” 

Additional EMA Board Members include Jack Velasquez of Marex Spectron, Sean Barwin of CBL Markets, Christian Hofer of Sol Systems, Stephen McComb of Incubex, Lance Titus of Uniper and Ken Nelson of Blue Delta Energy.

About EMA

The Environmental Markets Association is a 25-year-old pro-environment, pro-business, pro-competitive markets industry trade association with a mission to promote open, competitive and tradable market-based solutions to solve environmental challenges while simultaneously supporting sustainable economic development. EMA does this through education, advocacy, and networking opportunities for its members and the public. Learn more and join today at www.enviromarkets.org.

About Laura Duklewski, Senior Manager, Trading, Constellation

Laura has over 18 years’ experience in environmental trading and portfolio management across U.S. environmental markets with a specific focus on PJM renewables and voluntary clean product offerings.  In addition to portfolio management, Laura works closely with Constellation’s product developments team to identify and create optimal voluntary clean product offerings to meet customers’ environmental goals.  She serves on Constellation’s Diversity Equity and Inclusion steering committee.  She is co-founder of the Baltimore Society of Women in Investment Leadership.  She serves on the board of the IMAGE Center of Maryland and the Investment Committee of The Walters Art Museum and fosters dogs.  She has an M.B.A. in Finance from Rice University and a B. Chemical Engineering from Georgia Tech.  She just recently installed solar with battery back up on her home and looking forward to the dollar and carbon savings in the future.

NEW YORK, SAN FRANCISCO, SYDNEY, LONDON, MILAN — Xpansiv, the global marketplace for ESG commodities, announced extraordinary progress in 2021, including robust growth across its exchanges and the successful launch of a digital platform for valuing commodities based on critical ESG data. Starting with natural gas, this comprehensive platform incorporates factors that include methane emissions and water usage—registered using independently verified source data—to create market incentives for sustainable production.

“Last year Xpansiv experienced phenomenal growth in our markets, data service, and technology businesses,” said John Melby, Xpansiv President and COO. “The CBL GEO became the first widely accepted voluntary carbon benchmark, we expanded our ESG commodity ecosystem with key acquisitions, and we launched a landmark Digital Fuels Program. We’re thrilled to continue to expand our presence as the global nexus for ESG commodities where data becomes proof, and intentions become actions.”

Read more: https://xpansiv.com/2021-xpansiv-carbon-volume-rises-288/

AMSTERDAM & LONDON & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record volume of environmental contracts traded in 2021. A total of 18 billion tons of carbon allowances traded in 2021, equivalent to an estimated $1 trillion in notional value and equal to over half the world’s estimated total annual energy-related emissions footprint.

Reflecting how companies use these markets to manage and price climate risk, as well as meet compliance obligations, a record 19 million environmental futures and options contracts traded on ICE in 2021. These traded contracts included a record 15.2 billion EU carbon allowances, a record 2.4 billion California carbon allowances, 346 million Regional Greenhouse Gas Initiative allowances and, following its launch in May 2021, 255 million U.K. carbon allowances.

Read more: https://ir.theice.com/press/news-details/2022/Record-Volume-of-Environmental-Contracts-Traded-on-ICE-in-2021-Equivalent-to-an-Estimated-1-Trillion-in-Notional-Value/default.aspx

Marex has today announced the appointment of Arthur Fan as Head of Asia Pacific (APAC). In this newly created role, Arthur is responsible for the management and growth strategy in the APAC region, with a particular focus on China and Australia.

Arthur, who also joins the management team, starts on 10 January and reports to Ian Lowitt, Marex CEO. 

Read more: https://www.marex.com/news/2022/01/marex-appoints-head-of-apac/

The process of decarbonizing your organization can seem like a daunting task. Luckily, there are frameworks and guidance in place that help create actionable steps to realize your organization’s climate ambitions. This blog explores these strategies, the targets you can set, and the role carbon credits play in decarbonizing an organization.

Setting the scene

In the summer of 2021, the UN's Intergovernmental Panel on Climate Change (IPCC) published part one of a six-part assessment report stating that global temperatures will rise 1.5 degrees Celsius by the early 2030s and continue to do so without mitigating action.

Getting to net-zero emissions – taking cues from the Science Based Targets initiative (SBTi) 

Companies seeking to join the global cause to reach net-zero emissions should first define their ambition and targets, while ensuring they are grounded in science. As well, companies should learn the frameworks and standards that exist to help along the way.  

Read more: https://www.actcommodities.com/insights/Net-Zero-Emissions%E2%80%93Where-do-carbon-credits-fit-in-the-global-journey-to-climate-action-

Board Members of the Environmental Markets Association (EMA) unanimously voted in two new officers to serve in the role of Vice Chairperson and Treasurer. 

Christian Hofer of Sol Systems, a long-standing EMA Board Member and Chair of The Market Principles Committee, will serve in the role of Vice Chairperson. Mr. Hofer has worked tirelessly to publish multiple comments to legislators and is a driving force behind promoting EMA’s Market Principles.

Stephen McComb, a newly elected Board member and dedicated EMA member, will serve in the role of Treasurer. Mr. McComb has been a champion of new networking initiatives and is committed to seeing EMA prosper. 

Jack Velasquez of Marex Spectron will continue to serve as the Chairperson of EMA.

About EMA

The Environmental Markets Association is a 25-year-old pro-environment, pro-business, pro-competitive markets industry trade association with a mission to promote open, competitive and tradable market-based solutions to solve environmental challenges while simultaneously supporting sustainable economic development. EMA does this through education, advocacy, and networking opportunities for its members and the public. Learn more and join today at www.enviromarkets.org.

About Christian Hofer, Sol Systems

Mr. Hofer is an EMA Board of Director and serves as Chair of the Market Principles Committee, which aims to increase awareness about the advantages of market-based solutions for achieving sustainable development.  He is a Senior Director of Trading at Sol Systems, a leading renewable energy infrastructure developer in North America.  Prior to his role at Sol Systems, he led corporate development for Skystream Markets, a firm dedicated to building environmental commodity trading platforms.  Mr. Hofer has over a decade of experience transacting in environmental and capital markets. He holds a BS in Finance from the University of Connecticut School of Business, where he also published an economic thesis on the use of carbon offsets for implementing reforestation.

About Stephen McComb, IncubEx

Stephen McComb is a Chicago-based economist and environmental and energy executive who currently serves as a senior vice president of IncubEx. McComb joined IncubEx in 2019 as a senior vice president. He spent six and a half years at the Intercontinental Exchange in environmental market roles after it acquired the Chicago Climate Exchange in 2010. McComb has also served as an economist for the State Utility Forecasting Group at Purdue University.  He has also been a member of the Ontario Energy Board. McComb served in the Canadian armed services for three years as an infantryman.

Seattle, WA — Built In today announced that Xpansiv, the global marketplace for ESG commodities, was honored in its 2022 Best Places to Work Awards, earning “Seattle Best Midsize Companies to Work For.” The awards program includes companies in the eight largest tech markets across the U.S.

“We are thrilled to be included in this award,” said Xpansiv CEO Joe Madden, “especially because it highlights our emphasis on building a vibrant culture and a team of remarkable individuals, all pulling together to deliver a world worthy of future generations.”

Read more: https://xpansiv.com/xpansiv-awarded-best-midsize-companies-to-work-for/

NEW YORK, SAN FRANCISCO, SYDNEY – 6 January 2021 — Xpansiv, the global marketplace for ESG commodities, today announced first trades of the Core Global Emissions Offset™ (C-GEO™) contracts on Xpansiv market CBL, the world’s largest exchange for trading carbon credits, RECs, water, and Digital Fuels. First-day transactions totaled 127,207 mtCO2e (tons).

A total of 13 different companies traded the new contracts including Chevron USA Inc., Carbon Growth Partners, EKI Energy Services Ltd., Fathom Energy LLC, Mercuria Energy America, LLC, Radicle Group Inc., and Viridios Capital.

ClearBlue Markets is excited to announce its new President, Fiona Oliver-Glasford. Fiona has joined the team with 20+ years of experience in energy and carbon.

Most recently, Fiona worked at South Africa’s Sasol as the VP, Low Carbon Energy Solutions. Prior to that, Fiona led a team accountable for Enbridge Gas Inc’s carbon compliance obligation originally captured through Ontario’s participation with California and Quebec in the Western Climate Initiative (WCI) and then subsequently through the Canadian Federal Carbon Pricing Program and Ontario’s Emission Performance System.

Read more: https://www.clearbluemarkets.com/post/clearblue-markets-welcomes-fiona-oliver-glasford-president-clearblue-markets