Template:Emissions allowance - FWMD

Top Trumps^®Financial Weapons of Mass Destruction^®

Emissions Allowance

“Wanna stop frying the planet? Start here. Will it help? Who knows? The forward curve is in contango: who cares!”

Docs	Take your pick: IETA, ISDA or even EFET: none of them good. But at least you have flexibility in mediocrity	4
Amendability	Nope. The EU can amend them, but you can’t.	0
Collateral	They aren’t anyone’s obligations as such. In fact, they’re more like a sort of unofficial, made up, (hush) crypto. No credit risk!	DNA
Transferability	With an account at the Union Registry, sure!	7
Leverage	Not unless you do a CEmO, and we just made that up.	0
Fright-o-meter	Not directly scary as long as there is an EU with Greta Thundberg in it, but global warming is going to lead to Armageddon so, you know, indirectly.	5