Carbon
Waiting in the wings
The long-mooted inclusion of the aviation sector in the European Union's emissions trading scheme is finally on the radar screen. Roderick Bruce discovers whether stakeholders are ready for take off
LCH.Clearnet launches OTC emissions clearing
Clearing house LCHClearnet has today launched OTC clearing services for Certified Emissions Reduction (CER) and EU Allowance (EUA) emissions contracts.
Nord Pool sells EEX stake to Eurex
Nord Pool ASA has agreed to sell its 17% stake in European Energy Exchange (EEX) to Eurex. Eurex plans to acquire up to 44% in EEX – for a total of €55 million − to strengthen its existing emissions trading partnership and continue its expansion into…
Nymex to launch first Green Exchange contracts
New York Mercantile Exchange (Nymex) is to introduce its first slate of futures and options contracts, as part of its Green Exchange initiative, on 16 March for trade date 17 March.
ECX and LCH clear way for CER futures launch
European Climate Exchange (ECX) and clearing house LCH.Clearnet have reached an out-of-court settlement over the proposed launch of ECX Certified Emission Reduction (CER) futures contracts.
ICAP executes first US Compliance Carbon Allowance Trade
ICAP announced today that its energy and emissions arm has executed the first over-the-counter (OTC) compliance carbon allowance transaction in the United States.
Bank of America and Climate Exchange call off joint venture
Bank of America and Climate Exchange, parent company of the Chicago Climate Exchange and European Climate Exchange, have scrapped plans for a formal joint venture.
EEX and Eurex to launch CER futures in March
The carbon trading cooperation between European Energy Exchange (EEX) and Eurex will expand further with the imminent launch of futures contracts for certified emissions reduction (CER) credits.
EC sets out phase III plans for EU ETS
The European Commission (EC) today outlined its plans to expand the scope of the European Union’s Emissions Trading Scheme (EU ETS) for the trading period of 2013 - 2020 (phase III).
NYSE Euronext and Caisse des Dépôts launch carbon exchange
NYSE Euronext and French state bank Caisse des Dépôts have announced the launch of Bluenext, an international exchange that will operate markets in carbon emission allowances and credits.
Global carbon market grows 80% in 2007
The total value of greenhouse gas emission permits traded in 2007 reached €40 billion, an 80% rise on the 2006 figure of €22bn, according to information provider Point Carbon.
First cleared CER spot transaction on Climex
The first cleared spot trade of Certified Emission Reductions (CERs) took place on Climex this week.
UBS launches Greenhouse Index
UBS Investment Bank has launched the UBS Greenhouse Index (UBS-GHI) , the first tradable investment benchmark tracking the Greenhouse Effect.
Exchanges see green in emissions trading
Battle lines are being drawn in the emissions space as Nymex aims to grab a slice of the booming global market, writes David Watkins
Emissions trading in New Zealand
The recent policy framework put forward for New Zealand's emissions trading scheme (ETS) make it the most ambitious and stringent scheme yet proposed worldwide, but concerns over implementation have sparked fierce debate, finds Roderick Bruce
OMX and Nord Pool to create Nord Pool International
Swedish exchange technology company OMX has acquired Norwegian derivatives exchange Nord Pool’s international derivatives products, along with its clearing and consulting operations.The two companies aim to create an international energy and carbon…
EcoSecurities and Credit Suisse complete structured CER sale
EcoSecurities and Credit Suisse have completed a structured sale of over 5 million Certified Emission Reductions (CERs).
Merrill Lynch launches carbon certificate
Investment bank Merrill Lynch today launched an index-based investment certificate that offers protected exposure to the stocks of carbon efficient European companies.