The Leba Carbon Index was launched May 16 by the London Energy Brokers Association, who broke the majority of traded volume of emissions allowances.

“Our first trade using the Leba index marks the beginning of what is likely to be a vibrant swap market in EU emissions”, says Louis Redshaw, head of environmental markets at Barclays Capital.

The aim of the Leba Carbon Index is to contribute to a more transparent, liquid market in emissions allowances under the new European emissions trading