About EEA Carbon & Environment

Since its inception, EEA has played a significant role in the carbon market. It is one of the largest asset managers/advisers in the sector with over £360m under advice as at 31 December 2009. We have built a team of highly experienced carbon professionals that ensures that assets are managed to secure and maximise carbon value.

In 2003, EEA commenced its role as investment adviser to Climate Exchange PLC, prior to and following the company's admission to AIM. Climate Exchange was established to finance the Chicago Climate Exchange and the European Climate Exchange, the leading regional exchanges for GHG emissions trading. Additionally the vehicle has invested in biofuel and renewable energy ventures.

Following the success of Climate Exchange, EEA was instrumental in the establishment and fund raising for Trading Emissions PLC (TEP).

TEP is an AIM quoted investment company that invests directly in tradable environmental credits and in projects that will create such commodities, principally Certified Emissions Reductions (CERs) generated by CDM and JI projects under the Kyoto Protocol. As exclusive investment adviser, EEA originates, structures and advises TEP on its investments.

Following TEP's initial fund raising in April 2005, EEA recruited a team of professionals with extensive experience in the CDM market. The team went on to allocate TEP's initial tranche (£135m) of capital within ten months and deliver a project pipeline that enabled a second tranche of capital (£175m) to be raised in May 2006. EEA's Carbon & Environment team not only advises TEP but also manages carbon procurement accounts for a number of EU ETS participants. Such accounts include the provision of EU ETS trading services and the procurement of CERs.

TEP commercialises its carbon credits predominantly through the European Climate Exchange, but has also sold credits to a number of European governments, including the UK. EEA won a highly competitive tender, on behalf of TEP, to exclusively supply the UK Government Carbon Offsetting Fund with CERs from small scale, highly sustainable CDM projects and completed this transaction with delivery of 305,000 CERs in April 2009. CERs were used to offset ministerial and official air travel. A second phase of UK government offsetting was launched in 2010; EEA and TEP were selected to be one of a small number of authorised suppliers.

To fulfil these mandates the EEA group has established offices in London, Washington DC, Beijing and Ireland. EEA also has representatives in Zurich and Lima.

Further details on team members are available on the Investment Advisers page.