US agricultural firm launches carbon markets desk

The US grain company Archer-Daniels Midland (ADM) has hired former director of carbon brokers at CantorCO2e and Evolution Markets James Emanuel to lead a new environmental market team in London.

He will oversee carbon exposure in ADM’s 240 processing plants worldwide. Many processing plants in the EU already fall under the emissions trading mechanism but ADM will also pursue clean development mechanism (CDM) offset projects in developing countries around the world.