Climate change and carbon markets are global issues which demand a global response. Carbon markets are developing throughout the world and it is increasingly likely that these markets will be linked and will require an international approach to carbon management. Many Deloitte member firm clients operate on a global basis and are looking for a service provider who can interpret regulations, opportunities and constraints with a global presence. Climate change and carbon markets create needs that cut across conventional service offerings, and member firm clients can benefit from receiving integrated services across audit, risk management, tax, consulting, and financial advisory.
While climate change and carbon markets are relatively new topics, Deloitte member firm practitioners have gain substantial experience. Deloitte member firms around the world have provided services in emissions verification, clean development mechanism (CDM) validation, emission allowance valuation, emissions trading internal controls, accounting and tax advice for CDM project developers and emissions traders, carbon valuation for M&A advice to insurers with respect to climate change impact and advice to governments on carbon policy development.
Deloitte member firms have well-developed service offerings to assist climate change and sustainability clients in meeting regulatory compliance obligations. Member firms combine their commodity transactions experience with an understanding of the carbon markets to offer services in assessing offset project risks, developing marginal abatement cost curves, and conducting portfolio optimisation analysis to take advantage of carbon market-based mechanisms (allowances and offsets).