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If it ''had'' its own booklet, you could integrate other similar “compliance” regimes UK Allowances, for example, and perhaps Californian ones, and you might be able to make it “master-agreement agnostic”. Just a thought. | If it ''had'' its own booklet, you could integrate other similar “compliance” regimes UK Allowances, for example, and perhaps Californian ones, and you might be able to make it “master-agreement agnostic”. Just a thought. | ||
====EFET=== | ====EFET==== | ||
The EFET Allowances Appendix is structured as an appendix to the EFET agreement, and you can take your pick — and it won’t matter much — whether you choose the EFET Power or Gas format. | The EFET Allowances Appendix is structured as an appendix to the EFET agreement, and you can take your pick — and it won’t matter much — whether you choose the EFET Power or Gas format. | ||
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Power and Gas trading both involve connecting to a grid and trading a physical commodity with the attendant risks that implies: things can blow up, go off, be off-spec, and the grid needs to be balanced and so on. Emissions certificates are financial instruments and so are much easier. Much of the amendments is to overcome this difference. But some traces of the EFET’s “physical trading network” genealogy remain. | Power and Gas trading both involve connecting to a grid and trading a physical commodity with the attendant risks that implies: things can blow up, go off, be off-spec, and the grid needs to be balanced and so on. Emissions certificates are financial instruments and so are much easier. Much of the amendments is to overcome this difference. But some traces of the EFET’s “physical trading network” genealogy remain. | ||
====IETA==== | |||
The IETA is the only dedicated Emissions trading document. This is good if you don’t want the bother of the physical energy trading bits and bobs, or if you are not a full-scale ISDA ninja — but few participants in the emissions trading market are neither energy traders or financial derivatives traders, so we suspect the IETA is probably the least commonly used of the three. | |||