After enduring challenging years following the financial crisis, there is a notable sense of optimism in this year's Market Rankings. Many of the winners in the rankings have weathered the storm while others exited the markets, positioning themselves for potential rewards as market conditions improve.
Evolution Markets, a brokerage firm founded in 2000, stands out as one of the survivors in the market. The company has once again achieved impressive results in the rankings, winning six awards in total. Evolution Markets has consistently been recognized as the Best Broker for renewable energy certificates (RECs) in North America for the past 12 years and has been a dominant broker in the EU ETS and Kyoto credits.
Baker & McKenzie, a law firm with a strong commitment to the environmental markets, has built a robust client base since its entry into the carbon market in the late 1990s. The firm has consistently won accolades in the rankings, including the Best Law Firm for the EU ETS and Kyoto Project credits. With some established players exiting the markets, new players like Redshaw Advisors have seized the opportunity to make their mark, filling the gaps left by others.
Endurance Global Weather has also had another strong year in the weather risk markets, earning the title of Best Weather Risk Dealer/Structurer across all four geographic regions. This market continues to attract mainstream investors seeking investments that are uncorrelated to other markets.
The high participation in this year's rankings, with over 1,000 votes cast, reflects the activity and support from readers in the markets. The rankings were conducted through an online survey, with voters evaluating efficiency, reliability, innovation, quality of service, and market influence when selecting the leading companies in emissions markets, weather and catastrophe risk, and renewable energy finance.
Overall, the rankings demonstrate the resilience and perseverance of market participants, highlighting their readiness to embrace better prospects on the horizon.
