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News

  • May 19, 2021 2:14 PM | EMA Staff (Administrator)

    On May 14th, The Environmental Markets Association hosted a Member Town Hall to release details on changes within the organization and plans for their 25th year.

    Board Chairperson, Jack Velasquez of Marex Spectron, opened the virtual event and welcomed members back to EMA’s Silver Anniversary highlighting the deep history and impacts from EMA’s members and the environmental markets industry at large. “Our members know these markets the best. Many of us have sat in on legislative meetings or been a part of policy decisions,” said Velasquez.  

    Since 1996, EMA’s mission has focused on promoting market-based solutions to help combat environmental challenges through sound public policy, industry best practices, effective education, and training.

    Mr. Velasquez highlighted the immediate need for action and collaboration, “We are in an integral position to unify and amplify our voices with our market principles. The need for education is greater now than it has ever been before.”

    The Role of Market Principles

    Beyond the mission, the benefits of EMA’s Market Principles continue to shed light on the massive advantages of well designed, policy driven environmental markets. 

    Chairperson Velasquez expanded, “Environmental Markets are accountable and they are enforceable. Their success is trackable. The growth of renewable generation over the course of the last 25 years has been huge. When I started there was under 300 megawatts of wind in the US. The majority of new builds were built on the back of well-designed markets. This is what EMA is about. These are just the environmental benefits. There are massive social benefits that come along with us like job creation and list goes on and on.” 

    EMA’s Role Going Forward

    “The role of the EMA is to give our members a venue to promote this mission and to use the association as a platform to have their voice heard. Whether you're an energy trader, academic, policymaker, or Sustainability Officer, EMA can equip you with the right market principles that will guide you and help you spread our mantra about properly designed environmental markets,” said Velasquez as he encouraged members to re-engage. “This is how we're going to achieve a carbon neutral world and a clean energy infrastructure. Our priorities going forward are to push tradable markets by educating our trading partners and our policymakers, and the universities and colleges that are teaching the future corporate leaders of America.” 

    To watch the full recording of EMA’s Town Hall from May 14, 2021, www.enviromarkets.org/relaunch.

     

     

    About EMA

    The Environmental Markets Association (EMA) is a as a 501(c)(6) not-for-profit trade association representing the interests of companies that are involved in the trading, legislation and regulation of environmental markets. EMA's mission is to promote open, competitive, and tradeable environmental commodity markets and market-based solutions as a long-term, sustainable solution to solve environmental challenges.

    www.enviromarkets.org

  • May 18, 2021 8:30 AM | EMA Staff (Administrator)

    (May 18, 2021) -  Bracewell (UK) LLP has been named a finalist for two awards at the 2021 Legal Business Awards.

    We were named a finalist for Finance Team of the Year for our representation of the winning consortium in connection with the bid for, signing and financial closing of, the $467 million 800.15 MW Al Kharsaah Solar IPP in Qatar.

    We were also shortlisted for US Firm of the Year.

    Read more here: https://bracewell.com/news/bracewell-finalist-two-legal-business-awards

  • May 17, 2021 9:00 AM | EMA Staff (Administrator)

    (May 17, 2021) - Natural gas prices have been hovering near the $3 level these past two weeks, which continues to show some resistance.

    The May natural gas contract rolled off the board at $2.925 per MMBtu, 13% higher than the April natural gas contract. The average NYMEX settlement for 2021 is $2.718 per MMBtu, about 46% above the 2020 average.

    A recovering economy and increased demand for natural gas this winter has fueled the significant year-over-year increase. The June contract moved into the prompt position nearly flat to the May settlement and has bounced around in a tight range these last ten days of trading.

    Read more here: http://www.theenergytrail.com/natural-gas-meets-resistance-at-3-00-mmbtu/

  • May 13, 2021 9:32 AM | EMA Staff (Administrator)

    (May 13, 2021) - Marex has published its inaugural Environmental Social and Governance (ESG) Report, entitled: Cultivating change in commodity markets for a more sustainable future.

    The Firm’s ESG policy focuses on the impact of its actions on clients, employees and communities and on responsible trading, business integrity and the use of technology to promote sustainability and protect the environment.

    Read more here: https://www.marex.com/news/2021/05/marex-publishes-first-esg-report/


  • May 13, 2021 9:30 AM | EMA Staff (Administrator)

    (13 May 2021) - Xpansiv, the global marketplace for Intelligent Commodities™, today published a pioneering Digital Fuels™ Program for the issuance, transaction, settlement, and retirement of evidenced-based environmental, social, and governance (ESG) performance claims associated with fuels.

    The program is designed to provide a rules-based market for all stakeholders—from fuel producers and net-zero buyers to certification bodies, carbon-accounting initiatives, registries, independent-assurance providers, data aggregators, and investors—all seeking to meet growing demand for registered, tradable, intangible assets to differentiate fuels based on ESG performance.

    Read more here: https://xpansiv.com/xpansiv-publishes-digital-fuels-program-to-accelerate-esg-transition-in-fuels-sector/


  • May 13, 2021 9:27 AM | EMA Staff (Administrator)

    (May 13, 2021) - Sun Tribe Development is taking on a unique opportunity to be the first to generate large-scale renewable power on the coalfields of Central Appalachia, Energy News Network reports. Described as a breakout moment for the region, the plan is to have up to 75 megawatts of solar power capacity across hundreds of acres of deforested mine lands in Virginia and Tennessee.

    Sol Systems, a Washington, D.C.-based company, will finance and operate the solar systems once they are built. 

    Read more here: https://cleantechnica.com/2021/05/13/the-transformation-of-appalachian-coalfields-into-solar-farms-is-starting/

  • May 13, 2021 9:22 AM | EMA Staff (Administrator)

    (May 13, 2021) – Today, the University of Illinois Urbana-Champaign, Facilities & Services (F&S) announces the final stage of completion for Solar Farm 2.0, totaling 12.3 megawatts (DC), with the planting phase of the farm’s pollinator habitat commencing this month. The project is the second solar farm constructed at the U of I and achieves clean energy sustainability goals outlined in the university’s Illinois Climate Action Plan (iCAP), nearly four years ahead of schedule. Clean energy production will now support approximately 12 percent of the school’s annual electricity demand. The planting of the project’s native pollinator habitat bookmarks the solar farm’s unique array of state-of-the-art technological and sustainable features.

    Read more here: https://www.solsystems.com/news/university-of-illinois-urbana-champaign-announces-final-stage-of-ultra-sustainable-solar-farm-2-0-project/

  • May 10, 2021 9:38 AM | EMA Staff (Administrator)

    (May 10, 2021) - Bracewell LLP is advising Sabalo Energy, LLC, a portfolio company of EnCap Investments L.P., in the sale of Sabalo’s Midland Basin assets to Laredo Petroleum, Inc. (NYSE: LPI).

    The transaction includes 21,000 contiguous net acres (86 percent operated, 100 percent held by production). Sabalo and a non-operating partner will receive a combined $625 million in cash and approximately 2.5 million shares of Laredo common equity, with a total transaction value of approximately $715 million.

    Read more here: https://bracewell.com/news/bracewell-advises-sabalo-energy-llc-715-million-asset-sale-laredo-petroleum-inc

  • May 07, 2021 10:00 AM | EMA Staff (Administrator)

    (May 07, 2021) - Across the OEM motor vehicle after-sales space, transportation is a significant spend – approximately 7-8%1 of sales. Further, the transportation sector has now surpassed the power sector as the largest emitter of greenhouse gases (GHGs) in the United States, responsible for over 29%2 of total emissions within the U.S., and 24%3 globally. This trend largely is driven by the growth of e-commerce, international and domestic shipping, and other activities related to globalization.

    Many of the OEMs participating in Carlisle’s North American Parts Benchmark have released corporate statements committing themselves to reducing their climate impact, yet many organizations are early in the development of plans to address the greenhouse gas emissions associated with their transportation footprint. Fortunately, meaningful pathways to reduce transportation emissions are taking hold.

    Read more here: https://3degreesinc.com/resources/driving-the-transition-to-net-zero-emissions/

  • May 05, 2021 9:17 AM | EMA Staff (Administrator)

    (May 5, 2021) – Public Service Enterprise Group Inc. (PSEG) today announced that it has entered into an agreement to sell its PSEG Solar Source LLC portfolio to Quattro Solar, LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities. The sale of this non-core generation portfolio is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power's non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.

    Read more here: https://nj.pseg.com/newsroom/newsrelease221

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