Turning Points: James Emanuel, ADM Investor Services International

James Emanuel does not believe in fate. Luck perhaps, but not fate. As one of the pioneers of Europe's carbon emissions markets, his career trajectory combines a series of carefully planned choices that have coincided with seismic changes in Europe's energy markets.

"Success is largely down to luck – being in the right place at the right time is critical," he says. "But you are able to influence your own luck. You've got to be proactive."

Such a world-view appears to be reflected in the