Baker & McKenzie Wins Bloomberg New Energy Finance Award
Awards
March 19, 2010
London / Sydney 19 March 2010 – Baker & McKenzie's Global Environmental Markets Practice has been awarded Top Legal Advisor for Clean Development Mechanism (CDM) and Joint Implementation (JI) Projects by number of deals at the Bloomberg New Energy Finance Summit in London last night. Baker & McKenzie has won the Award for the third year running, in all three years it has been awarded. This Award recognises the global leadership of Baker & McKenzie in advising on CDM and JI projects.
New Energy Finance, is the premier global analytical news service and is held in high regard by the energy and climate sectors. The publication has recently been acquired by Bloomberg.
This Award follows Baker & McKenzie's Global Environmental Markets practice winning in all climate change law categories in the Environmental Finance Market Survey 2009 including "Best Law Firm for GHG Emissions Kyoto Projects Credits (JI and CDM)", "Best Law Firm for EU Emissions Trading Scheme", "Best Law Firm for North American Mandatory Markets", "Best Law Firm for Green House Gas (GHG) Emissions Voluntary Markets" and "Best Law Firm for GHG Emissions Australasian Markets". The firm was also runner up for "Best Law Firm Renewables Finance Europe".
Leading legal directory, Chambers, has also announced that Baker & McKenzie remains First Tier for global climate change law and First Tier climate change law USA in Chambers Global and Chambers USA, respectively.
Speaking about the receipt of the Awards, the head of Baker & McKenzie's Global Environmental Markets Practice, Martijn Wilder, commented, "This Award again demonstrates our depth of experience in developing CDM/JI projects around the world and the growing sophistication of the type of deals we are working on with our clients, including all types of CDM and JI deals (including programmatic CDM), equity investments and syndications. We are grateful that we have been able to work with so many different clients around the world to provide the global expertise recognised by the New Energy Finance Award. Together, these awards represent a clean sweep of the independent, peer-reviewed and market-recognised awards in our sector for the last year." Martijn added that, " Despite the slow down in the carbon markets we are seeing an ongoing appetite for carbon projects, especially in Africa and Latin America and there is a growing interest to invest in REDD."
Graham Stuart, who heads Baker & McKenzie's European Environmental Market's practice and who collected the Award on behalf of the global team, commented, "We are delighted to win this Award for a third successive year – a track-record which reflects both the strength and diversity of the clients for whom we work and the depth of expertise in our closely integrated global team."