The European Union established in 2005 an emission trading scheme (EU ETS) where more than 10,000 installations were given emission “targets”. Since then, more installations have joined the scheme and the EU ETS is today covering approx. 50 % of the total emission from the EU. The European Commission is already in the process of setting new and stricter target for the post-Kyoto period that will (most likely) last until 2020.

Statkraft has from the beginning followed the development of the carbon market. At first, the need to hedge price movement of power was our main concern, but since then, Statkraft has become the operator and owner of three state-of-the-art gas fired power plants (CCGT) in Norway and Germany. More plants are to come and this has made Statkraft directly involved in the European emission trading scheme. 

Today, Statkraft provide the following services to our business partners (and in-house use):

1. Emission trading: Statkraft trade outright carbon allowances (EUA, CER, ERU) at a numerous of exchanges and bilateral.

2. Carbon Projects: Statkraft has developed a significant portfolio in the primary CER market, which has position Statkraft in an excellent way to carry out EUA – CER swap with our counterparts.

3. EUA lending: Statkraft can help business partners generate a positive cashflow, by lending out the EUAs for a fixed period of time.

4. Innovative products: Statkraft are in a position to provide many types of carbon products, tailor-made to our counterpart’s needs and specifications.