Emissions Trading Global concern over climate change has prompted countries around the world to offer incentives to companies and investors who develop and participate in carbon credits and other emissions trading programs. As regulatory schemes evolve and commodity prices fluctuate, it is essential to stay abreast of developments to structure proactive, financially viable strategies to capitalize on these opportunities. DLA Piper lawyers are skilled navigators of the international body of laws, regulations, treaties and standards that govern emissions trading, energy credits and carbon trusts. Our interdisciplinary team advises on transactions in international trading markets on behalf of governments, sponsors, lenders, funds, utilities and traders. We regularly counsel clients on reduction purchase agreements and structure high-performance options, swaps, future and derivative instruments transactions involving: ■■ European Union Emissions Trading Scheme (ETS) ■■ Greenhouse gas offset (GHG) ■■ Clean Development Mechanism (CDM) ■■ Joint Implementation (JI) ■■ Carbon Emissions Reduction (CER) ■■ Voluntary Emissions Reductions (VER) ■■ Advising the largest Scandinavian utility company in setting up its trading business. ■■ Representing German institutional investors on carbon credits generated from CDM and JI project opportunities. ■■ Advising numerous clients on power trading, including International Swap and Derivatives Association documentation for forward and futures contracts. ■■ Advising a Danish carbon fund in relation to JI activities in Russia regarding reduction of emissions of methane from gas transmission and landfill projects. ■■ Advising a major European utility in connection with emission reduction purchase agreements involving allowances generated by CDM projects sponsored by an Austrian counterparty. ■■ Representing a leading UK investment bank on purchase of carbon emissions reductions CERs and on equity participation agreements in CDM schemes. Our experience includes ■■ Advising a public trading company providing portfolio management services for carbon credit trades to several governments in Eastern Europe. ■■ Advising a leading European distributor of natural gas on regulatory aspects of cross-border sales of Slovak-EU allowances. ■■ Representing a Dutch company on a CDM project in Ho Chi Minh City. ■■ Advising intensive energy users in the implications of UK climate change levy (energy tax), including lobbying for special arrangements. www.dlapiper.com DLA Piper llp ( us ) About us For more information DLA Piper is a global law firm with lawyers across the Americas, Asia Pacific, Europe and the Middle East. To learn more about DLA Piper, visit www.dlapiper.com or contact: From the quality of our legal advice and business insight to the efficiency of our legal teams, we believe that when it comes to the way we serve and interact with our clients, everything matters. Robert J. Gruendel T +1 212 335 4736 robert.gruendel@dlapiper.com www.dlapiper.com DLA Piper is a global law firm operating through DLA Piper llp (us) and affiliated entities. For further information please refer to www.dlapiper.com. Note past results are not guarantees of future results. Each matter is individual and will be decided on its own facts. Attorney Advertising. Copyright © 2013 DLA Piper llp (us) . All rights reserved. | MAY13 | 011I_LET