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A New Carbon Trading Desk for BBY

BBY has responded to the passing of the Federal Government’s Clean Energy Future legislation with the establishment of a dedicated carbon trading desk. The new desk will be headed by Matt Dever, who was previously the Managing Director of carbon trading firm EMIT Securities. Matt is an energy and carbon market specialist with more than 15 years experience covering trading, risk management and advisory.  

BBY Carbon Trading will be physically located in Melbourne and will offer an experienced and efficient avenue to market for Australian and international companies seeking to manage their compliance obligations. Utilising Matt’s experience in the Asian and European carbon markets, the new desk will provide BBY clients a dedicated risk management capability in carbon and associated environmental market products. Leveraging BBY’s global market reach, the new desk also intends to trade carbon products in the New Zealand and European emission trading schemes.

With access to a major pipeline of Clean Development Mechanism (CDM) and Joint Implementation (JI) projects across the globe, BBY aims to become a leader in the provision of international units (Certified Emission Reductions and Emission Reduction Units) to Australian companies as the local market transitions to a flexible price scheme from July 2015.