<h1>
	Carbon Trading</h1>
<p style="text-align: center"><img alt="" src="~url~/uploads/image/carbon-trading_art.jpg" style="margin: 40px 0px 20px" /></p><p>HMP advises entities on carbon trading, commonly known as cap and trade, to seek direct financial incentives for reduction in their greenhouse (GHG) emissions. We use this market-based instrument with standardized rules of trade in conjunction with prescriptive &quot;command and control&quot; regulations to ensure environmental as well as economic benefits for our clients. Our team of experts supports clients with managing emission baselines, reduction targets, compliance status, and trading.</p><p>We stay involved with various international, national, and regional emissions-trading markets in order to take advantage of specific programs. This also allows us to address Marginal Abatement Cost Curve (MAC), the cost of eliminating an additional unit of carbon dioxide-equivalent (CO2e), which differs by country or region.</p><p>In North America, we work with cap and trade systems for GHGs including, but not limited to, Chicago Climate Exchange (CCX), Regional Greenhouse Gas Initiative (RGGI), Western Climate Initiative (WCI), and Midwestern Greenhouse Gas Accord (MGA). These cap and trade systems work for multiple sectors and establish mandatory or voluntary but legally binding compliance commitments to meet annual GHG emission reduction targets. These programs can be integrated and implemented in conjunction with other regulatory obligations that an entity is responsible for.</p><p>In general, a cap and trade system issues a limited number of allowances to covered entities, which authorizes them to emit a specific amount of GHG emissions. Entities are able to purchase allowances at auction, buy and sell them on secondary markets, or bank them for future use. The entities that reduce below their targets have surplus allowances to sell or bank while others that emit above their targets comply by purchasing allowances. Entities can also purchase additional offset credits from qualifying projects that reduce GHG emissions elsewhere.</p><p>The commodity traded&nbsp;on CCX is the Carbon Financial Instrument&reg;&nbsp;(CFI&reg;)&nbsp;contract, each of which represents 100 metric tons of CO2e. CFI contracts are comprised of Exchange Allowances and Exchange Offsets. Exchange Allowances are issued to emitting Members in accordance with their emission baseline and the CCX Emission Reduction Schedule. Exchange Offsets are generated by qualifying offset projects. CCX directs independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD).</p><p>Some of the services offered through various steps of carbon trading solutions include:</p>
<ul>
	<li>
		Membership</li>
	<li>
		Emission Reduction Commitment</li>
	<li>
		Emission Verification</li>
	<li>
		Compliance</li>
	<li>
		Registry Account Management</li>
	<li>
		Trading Platform Management</li>
</ul>