Baker & McKenzie is delighted to have been named as ‘Best Service Provider for the EU’s Emission Trading Scheme’ by Oil & Gas IQ (a division of IQPC), the international conference organiser and information provider, and Commodities Now magazine.
The Oil & Gas IQ/ Commodities Now European Emissions Trading Excellence Award will be presented today at Oil & Gas IQ’s annual European Emissions Trading 2004 conference in Brussels.
Baker & McKenzie has been named ‘Best Service Provider for the EU Emission Trading Scheme (ETS)’ as the service provider which has done the most in the past twelve months to advance its clients’ knowledge and preparedness for the arrival of emissions trading in January 2005.
In announcing the award, Oil & Gas IQ noted that Baker & McKenzie was the first law firm to recognise the importance of the emerging international and domestic legal frameworks being built up in response to Climate Change issues.
Oil & Gas IQ commented: “Baker & McKenzie has worked especially hard to become the leading law-firm in the greenhouse gas emissions marketplace. Its cooperation and participation in so many associations, working groups, and inter-governmental conferences – as well as the role it has played as a driving force in developing the carbon strategies of companies and governments throughout Europe – has led to Baker & McKenzie being awarded this accolade”.
Anthony Hobley, Senior Associate and member of the Global Climate Change, Clean Energy and Emissions Trading Group who collected the award in Brussels, said: “Baker & McKenzie is delighted to accept this award which acknowledges the hard work of our Global Climate Change, Clean Energy, and Emissions Trading Group and the foresight of the Firm in setting up the Group six years ago. We look forward to working with our clients over the course of this critical year for the implementation of the EU ETS. In particular we aim to ensure that our clients are well placed to manage both the risks and opportunities presented by what will be the world’s largest Emissions Trading Scheme.”
Baker & McKenzie has advised on both the mechanics of the legal framework surrounding the Emissions Trading Scheme as well as the development of the key commercial issues which will impact its effectiveness. Baker & McKenzie lawyers have been involved in the development of domestic rules for this new market, including developing established carbon contracts, the UK emissions trading scheme and various national registries.