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EDF Trading and Mizuho Corporate Bank sign a Japanese Carbon Marketing Cooperation Agreement


EDF Trading Limited, a wholly-owned subsidiary of EDF S.A., and Mizuho Corporate Bank, Ltd have signed a cooperation agreement for the marketing of carbon credit related products in Japan.

Under the agreement, EDF Trading and Mizuho will market a diverse range of carbon products and solutions to Japanese industrial customers, utilities and carbon offset buyers. This will help Japanese companies with the optimisation of their portfolios and to more effectively manage market price risk. Mizuho will utilise its extensive customer network in order to market the products and help its Japanese customers to achieve their emission reduction targets. EDF Trading will also provide hedging solutions through its role as the interface to the secondary market.

“We are honoured to work alongside Mizuho Corporate Bank in this new venture. Mizuho’s expertise and local knowledge of the Japanese market is a tremendous benefit for EDF Trading as we continue to develop our carbon business in Asia”, said John Rittenhouse, Chief Executive of EDF Trading.

“Our trading, marketing and structuring skills combined with Mizuho’s unrivalled Japanese client base will give the joint team access to a unique set of skills. This will enable the team to offer the Japanese market bespoke carbon optimisation services”, said François Joubert, Global Head of Environmental Products at EDF Trading.

For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

EDF Trading is one of the top 3 market participants in European emission allowances and certified emission reduction credits. The team has built extensive knowledge of the CDM market and is actively involved in all the key areas of the value chain. With the experience of having sourced CDM projects in more than 15 countries, it has extensive understanding of the UN’s approval process and of the assessment of delivery risk associated with each project.

EDF Trading established and is responsible for the portfolio management of the EDF carbon fund (€290 million). It has one of the largest portfolios of carbon projects which currently number 200. It also has one of the most diversified portfolios in terms of geographic presence and methodology. It has worked with project developers across the world from Brazil to China, Russia, Korea, India, Malaysia, Mexico, the Phillipines, Thailand and Vietnam.

EDF Trading has one of the most mature portfolios in terms of registration percentage. Approximately 85% of the global portfolio already has UN registration. Projects include wind, hydro power, biomass, industrial energy efficiency, coal mine methane as well as wastewater and MSW management.

EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.

For more information on EDF Trading, please visit www.edftrading.com.