MOVES-Ex-EDF U.S. environment boss starts London green commodity trading firm

The former head of environmental products at French utility EDF's U.S. trading arm has this week launched a London-based trading firm specialising in commodities that help reduce greenhouse gas emissions.

Nehme Commodities will trade in ethanol, biodiesel, biomass and biochemicals, and then expand into climate bonds, green and carbon certificates, and other climate risk products, founder and chief executive Fabio Nehme told Reuters.

Nehme noted that while international negotiations to agree a new global climate change treaty are advancing slowly, there is significant progress being made at national and sub-national levels towards curbing the growth of greenhouse gas emissions.»