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Home» Corporate, Institutions and Government» Trading & hedging» Environmental financial products

Trading & hedging

Environmental financial products

The Environmental Financial Products team provides a wide range of financial solutions to corporate and government customers to help them manage their environmental obligations.

Macquarie’s global team of dedicated environmental market professionals are located in the major environmental centres, with offices in London, Houston, Hong Kong, Beijing and Sydney.

Environmental Financial Products provides a full suite of solutions centred on three core offerings: supply, financing and risk management.

Supply, financing and risk management

Macquarie couples its depth of experience as a top tier, global commodities trading and finance house with its environmental markets expertise. Our services include:

Access to supply: origination and secondary market supply

strong pipeline of international emission reduction projects available for direct investment and carbon credit purchase
Macquarie has a full-service trading desk dealing in secondary carbon credits including CERs and ERUs, as well as domestic emission allowances and renewable energy certificates.

Financing: a full range of debt and equity financing, including

inventory financing for new and existing environmental market compliance units
derivative financing for emissions abatement and renewable energy projects.

Environmental risk management: structured products and risk management solutions are tailored to meet each client’s specific requirements

we provide fixed price certainty through forwards and swaps
we offer price protection via options and collars.

Case study – primary CER origination

Project key features

Seller:	Beijing Taiyanggong gas-fired Trigeneration Co (BEIH)
Buyer:	Macquarie Bank Limited
Volume:	4.8 million non-guaranteed CERs delivered between 2008-2013
Certification:	Documented under Certified Emission Reduction Purchase Agreement
Commissioned:	January 2008
Registered:	February 2008
Delivering CERs:	Since early 2009

Macquarie managed the delivery risk to maximise returns and ensure project completion

Contracting risk minimised thanks to Macquarie’s extensive due diligence, robust transaction structure and contracting terms
Counter-party performance risk mitigated through Macquarie’s physical and legal control over CER deliveries from project
Performance risk managed by selecting a high-quality Chinese counterparty
Project completion risk significantly reduced via strong Chinese Government support - the project is part of the Beijing Olympic infrastructure
Strong and demonstrable environmental benefits achieved.

Contact us

For further information please contact:

Andrew Webster

Call: +61 2 8232 3541
Email
More contacts

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