Trading and Capital Markets

We act as a market maker in emissions and other environmental commodities, and look for ways to play a constructive role in promoting the development of these markets. By making markets in these products, we enable greater liquidity and market access, which in turn helps our clients to more effectively manage their risks.

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We develop and place catastrophe-linked securities that help our clients mitigate financial risk, including from extreme weather events such as hurricanes, winter storms and wildfires. For example, in April 2012, we helped Citizens Property Insurance Corporation, a Florida state-owned company that is an insurer of last resort for Florida homeowners, transfer $750 million in risk of loss from hurricanes to capital markets investors in the form of a catastrophe risk-linked security known as Everglades Re. The firm has placed several weather risk-linked securities and was recognized by Environmental Finance as the "Best Dealer in Catastrophe Risk Management” in 2012.

In Europe, we have been market makers in the European Union Emissions Trading Scheme since its inception in 2005.
 

 

This document is posted to GS.com for information only and is not for redistribution.  This document has been prepared by the Environmental Markets Group at Goldman Sachs and is not a product of the research department of Goldman Sachs.  This document should not be used as a basis for trading in the securities or loans of the companies named herein or for any other investment decision. This document does not constitute an offer to sell the securities or loans of the companies named herein or a solicitation of proxies or votes and should not be construed as consisting of investment advice.

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