Shell is active in both compliance and voluntary markets globally through our four regional desks in London, San Diego, Singapore and Shanghai.
We manage the global CO2 Compliance obligations for all the assets owned by the Royal Dutch Shell Group, which covers over 50 installations worldwide and provides us with an understanding of the challenges faced by our customers and the opportunities that the markets afford them.
Shell completed the first trade on the European Union Emissions Trading Scheme (EU ETS) in 2003 and has been an active participant in the European CO2 market for the past 16 years.
With a focus on supporting the development of emerging markets, Shell Energy (China) Limited was one of the first foreign companies to trade allowances in the Chinese pilots. In 2017, Shell Energy (China) Ltd were nominated for the “Most Innovative Product” award by the Shanghai Environmental and Energy Exchange and was also awarded the “Most Contribution” award by the Guangdong Environment Exchange.
Today, Shell is active in the EU ETS, Western Climate Initiative (WCI), Regional Greenhouse Gas Initiative (RGGI), the Chinese pilot markets in Shanghai, Beijing & Guangdong, South Korean ETS, New Zealand ETS and the Australian Safeguard Mechanism.