The firm provides advisory services and focuses on monetizing emission reductions, energy efficiency improvements, and carbon sequestration; as well as managing exposure to diverse financial risks. EFP acted as an advisor to various early greenhouse gas international transactions. Members of EFP’s team played a leading role in the design and implementation of the SO2 emission allowance market in the United States. The firm also advised several energy companies in North America about how to incorporate integrated emissions management skills into their operations. EFP principals have authored path-breaking literature in both the academic and popular press proposing specific design features for emissions trading systems worldwide.