1 March 2024
Tim Atkinson
Following a successful year, CFP Energy is delighted to have been voted a winner in the Environmental Finance Environmental Market Rankings 2023-2024. The rankings acknowledge CFP Energy's outstanding contributions and expertise in carbon markets and emissions trading, solidifying their position as industry leaders.
CFP Energy were voted as winners in the following awards:
Additionally, CFP Energy earned recognition as a runner-up in the following categories:
These awards are particularly pleasing given the rankings are based on client votes. We hope this underscores CFP Energy's efforts to provide clients with market leading solutions to manage compliance in carbon markets, particularly in the UK ETS and EU ETS.
The rankings come amid a period of lower allowance prices and bearish fundamentals in the short term but companies should prepare for the challenges ahead in both the UK and EU ETS.
Tim Atkinson, Director of Carbon Sales and Structuring at CFP Energy, remarked, "Given future price forecasts expect allowance prices to be back over €100/£100 per CO2e by 2027, our view is that ETS operators face a choice on whether to decarbonise over the next 5 years, budget for higher carbon prices or use the current market to lock in compliance costs now whilst allowance prices are at favourable levels.”
With ETS targets set to tighten by 2030 and beyond, CFP Energy look forward to working with our customers to develop effective risk management strategies for carbon markets.
If you would like to find out more about our award-winning services, and how we can work together, please don’t hesitate to get in touch.
Update: Your obligations as an importer or producer of foreign-manufactured goods affected by the UK CBAM. Contact CFP Energy to mitigate future CBAM cost exposure.
As the aviation industry navigates the first year of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 (2024–2026), this week’s approvals of additional carbon crediting standards have influenced the market landscape, introducing both opportunities and complexities.
The development of biofuels has had an impact across a number of industries that are responsible for high intensity carbon emissions, as the transition to cleaner fuels becomes increasingly urgent in the battle against climate change.