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Sub practice
Sub practice

Emissions and Carbon Trading

Since the earliest days of the carbon market, Allen & Overy’s multi-jurisdictional emissions trading practice in Asia, Europe and North America has expanded to meet client demand.

We are at the forefront of advising on, and drafting documentation for, the trading of emissions credits and the development of climate change projects.

We have extensive experience of working with clients in both the public and private sectors on climate change projects, including advising on the European Union Emissions Trading Scheme, the Kyoto Mechanisms (Clean Development Mechanisms, Joint Implementation and International Emissions Trading) and on both the buy and sell side of Emissions Reductions Purchase Agreements and Project Development Agreements.

Though our multi-disciplinary disciplinary team we are able to assist on all aspects of emissions related matters and projects.  We have advised extensively on how best to structure carbon-related projects (whether, for instance, in the context of a traditional finance structure or novel carbon funds or bonds) and are able to provide support on the full range of documentation required to being such projects to fruition.

As domestic carbon related regimes continue to evolve, such as the UK's Energy Efficiency Carbon Reduction Commitment, our global and local expertise ensures you are receiving the very best advice and support the market has to offer. We are also at the forefront of assisting clients on the potential impacts of mandatory greenhouse gas emissions reporting in their annual reports.

News and insights

Wind turbines against a a sky at sunset

Publications: 01 December 2022

Market Horizons podcast: Voluntary carbon credits - an in depth look

In this episode of Allen & Overy's Market Horizons podcast Series, U.S. Project Finance Partner Sam Kamyans, is joined by Muireann Mageras, Head of Environmental Strategy & Advisory at Vertree, an…

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Publications: 03 November 2022

The world needs a robust international carbon market

Setting a global price for carbon is critical to delivering Net Zero. But we have a long way to go before the necessary infrastructure is in place to deliver a fully functioning carbon market.

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Reflection of clouds and sky on modern glass building

Publications: 19 October 2022

Introduction to the EU’s Emissions Trading System

The EU Emissions Trading System (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors.

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View of treetops

Publications: 29 September 2022

Hydrogen: Latest EU policy updates

On 18 May 2022, the European Commission has presented the REPowerEU Plan envisaging the transformation of Europe’s energy system in light of the energy market disruption caused by Russia’s invasion of…

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Recognition