There are many specialist areas within the financial sector of
the renewable energy industry. The expansion and internationalisation
of the global energy markets, combined with the varied green energy certificate
schemes and offset mechanisms provides roles ranging from those concerned
with half-hour pricing to long-term forecasting. Beyond the skills and
experience required within energy trading there is demand for financial
acumen needed to assist companies in their business growth. New companies
must navigate through the risks of business growth as well as their need
for services in day to day financial management and accountancy practices.
Emission Trading Schemes
Green House gases are the main priority of the ETS which are
now being rolled out. Sulphur and CO2 are now operational with the remainder
of the key green house gases to be brought under international scrutiny
Carbon Management and Carbon Offsets
The growth in carbon management practices and full life cycle
carbon audits will increase the need for business focussed schemes which
offset emissions by means of carbon sequestration elsewhere. Carbon can
be locked up either in natural carbon sinks such as forests and soils
or by using new techniques for sequestering CO2 in empty gas or oil fields.
UK Renewable Obligation Certificates
Twice a year the Non-Fossil Fuel Purchasing Agency auctions the
next six month's offering of Renewable Obligation Certificates or ROCS.
The large and efficient wind farms are now seen as very attractive ROC
generators - the last sale produced prices in excess of 45 GBP per MWh.