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Thefts of EU allowances illustrate legal risks and consequences of the carbon market

  • Jones Day
  • -
  • USA
  • -
  • April 26 2011

On January 19, 2011, following a series of cyber attacks the preceding week on a number of national emissions registries, in particular those of Austria, the Czech Republic, Estonia, Greece, and Poland, the European Commission suspended transactions in all registries within the European Union's Emission Trading System ("EU ETS"

Fifth Circuit adopts "specific intent" standard to dismiss natural gas market manipulation class action

  • Jones Day
  • -
  • USA
  • -
  • July 27 2010

Affirming the dismissal of a private lawsuit claiming harm from natural gas market manipulation, the Fifth Circuit Court of Appeals has clarified the requirements for private claims under the Commodity Exchange Act

Carbon credit prices reflect difference between mandatory and voluntary trading schemes

  • Jones Day
  • -
  • USA
  • -
  • April 13 2010

At the close of trading on March 19, 2010, the price of a credit representing one metric ton of carbon dioxide equivalent emissions in December 2010 varied widely across the carbon markets

CFTC seeks comment on whether Carbon Financial Instrument is a significant price discovery contract

  • Jones Day
  • -
  • USA
  • -
  • August 27 2009

As markets evolved over the past decade, lawmakers and regulators began to raise questions as to whether trading activity on unregulated electronic trading facilities could affect trading activity on regulated designated contract markets

FTC makes new proposal to regulate wholesale petroleum "market manipulation"

  • Jones Day
  • -
  • USA
  • -
  • April 20 2009

Today the Federal Trade Commission published a revised proposed rule to prohibit "market manipulation" in wholesale petroleum markets