Speaking at a recent SNL Energy webinar, the head of Evolution Markets’ Emissions Markets group, Paul Tesoriero, discussed the challenges and opportunities facing the new emissions trading markets set up by the U.S. Environmental Protection Agency’s Cross-State Air Pollution Rule (CSAPR).

Legal challenges have increased regulatory uncertainty around the CSAPR program, and program design elements have reduced liquidity and impaired price discovery. As a result, the market is likely to see increased volatility, which presents unique opportunities as trading volumes pick up.

More information is available in Mr. Tesoriero’s presentation. You can also learn more about CSAPR markets or trade in these markets by contacting the Emissions Trading group at: +1 914.323.0255.