EDF Trading is a leader in the international wholesale energy markets, and a wholly owned subsidiary of EDF (Electricite de France), a global leader in low-carbon energies. EDF Trading is active throughout the value chain within the electricity, energy commodities, and environmental products markets (including compliance and voluntary carbon credits and renewable energy certificates). In compliance carbon markets, EDF Trading offers market access and hedging services in the EU ETS (and newly established UK ETS) and the US carbon markets. In voluntary carbon markets, EDFT offers carbon credits from a diverse portfolio of projects covering different technologies and geographical locations. The projects are mainly registered under the main internationally recognised standards: the UN’s Clean Development Mechanism (CDM), the Gold Standard and the Verified Carbon Standard (VCS), among others. In the renewable energy certificates markets, EDF Trading actively trades Guarantees of Origin (GOs) in Europe, RECs in the US, and International Renewable Energy Certificates (I-RECs) globally.