Commodity Desk Academies

Emissions and Carbon Desk Academy

Twenty courses. Beginner to advanced. No course assumes what it has not taught.

The learner must be able to defend a specific carbon procurement decision under challenge on four fronts at once: the quality framework behind the unit, the certainty of delivery, the exposure to reversal, and the claim the buyer is permitted to make.

20 courses · 100 to 130 chapters each · every chapter one 8 to 10 minute explainer · self-paced

Enrol or enquire See the twenty courses
The pathway

Twenty courses in dependency order

A course may only assume capability taught by a lower-numbered course, and the level column never falls as you move down the table.

#CourseLevelBuilds onWhat this course owns
AMarket foundations
01Carbon Markets & Instruments1/10noneThe instrument taxonomy that separates allowances from credits, and the market roles and venues each one trades through.
02Emissions Quantities, Boundaries & Evidence1/1001How an emissions quantity is defined, bounded, measured and evidenced before any trade or claim rests on it.
03Compliance Market Architecture2/1001, 02How a cap-and-trade scheme is constructed: coverage, cap setting, allocation method, surrender cycle and oversight bodies.
04Voluntary Market & Project Lifecycle2/1001, 02The project pathway from methodology selection and validation through monitoring, verification and issuance.
BObligation, custody and counterparty assessment
05Compliance Obligations & Allowance Procurement3/1001, 02, 03Translating a regulated entity's obligation into an allowance procurement plan and a surrender calendar.
06Registries, Transfers & Retirement3/1003, 04, 05Account structure, unit serialisation, transfer, retirement and cancellation mechanics, and the audit trail they produce.
07Credit Quality & Due Diligence4/1002, 04, 06The quality assessment framework for a credit, covering additionality, baseline, permanence, leakage and verification strength, and the diligence file that evidences it.
08Purchase Agreements & Delivery Risk4/1004, 06, 07The commercial contract for credit purchase and the allocation of delivery, shortfall and non-performance risk between the parties.
CPrice formation, hedging and procurement economics
09Market Balances, Auctions & Price Drivers5/1001, 03, 05Supply and demand balance construction, primary auction mechanics, and the drivers that set price formation.
10Allowance Futures, Options & Hedging5/1001, 05, 09Listed allowance derivatives and the construction, margining and effectiveness testing of a compliance hedge.
11Credit Pricing, Vintages & Delivery Terms6/1007, 08, 09Differential pricing across project type, vintage, co-benefit profile and delivery term, and the curve a buyer or seller quotes from.
12Corporate Carbon Procurement6/1002, 07, 11The corporate buyer operating model: mandate, budget cycle, internal approval route, supplier panel and procurement governance.
DStructured purchase, financing and portfolio specialisation
13Emissions Reduction Purchase Agreements7/1004, 08, 11Long-dated offtake structuring with a project counterparty, including volume flexibility, milestone conditions and termination.
14Prepayment, Offtake Financing and Working Capital7/1008, 11, 13Prepaid and financed credit purchase: advance structures, security and recourse, drawdown conditions and the working capital exposure carried until delivery.
15Removals & Durability Economics8/1004, 07, 11The cost and risk economics of durable removal, including reversal risk, buffer pool mechanics and monitoring over long horizons.
16Credit Portfolio Construction8/1010, 11, 15Building and rebalancing a multi-project, multi-vintage portfolio against concentration, delivery and budget limits.
EIntegrity, stress and integrated practice
17Article 6 & Cross-Border Transactions9/1003, 06, 07Internationally transferred units, authorisation and corresponding adjustment mechanics, and host country transaction structuring.
18Claims, Integrity & Buyer Communications9/1007, 15, 17What a retired unit permits a buyer to say, and the substantiation, disclosure and assurance that stands behind that statement.
19Policy Shocks, Reversals & Counterparty Stress10/1009, 15, 16, 18Stress and scenario testing a carbon book against rule change, reversal events and counterparty failure.
20Integrated Carbon Simulation10/1014, 16, 18, 19The end-to-end desk simulation in which a complete procurement decision is taken and then defended under examination.

Every course states the capability it owns. The brochure carries the same table plus the chapter list behind each course, which is the quickest way to find the course that teaches the thing you cannot currently do.

Crash course

The whole desk end to end, in one programme

The twenty courses take one capability at a time, in dependency order, for someone building from the ground up. The Emissions & Carbon Trading Desk Master Programme does the opposite: it runs the whole carbon desk front to back in a single sequence, for someone who already works on a desk and wants the shape of the job quickly rather than the long route.

Take whichever matches your starting point. They cover the same ground and several of the numbered courses draw on the same material.

See the carbon master programme

Take one course, or the whole pathway

Each course stands alone. Taken in order, the twenty build one desk capability from no prior knowledge.