Carbon
EEX to launch carbon derivatives contract
The European Energy Exchange (EEX) plans to launch a futures contract for carbon emissions allowances in October, pending regulatory approval.
TFS starts brokering CDM and JI emissions credits
TFS, a New York-based inter-dealer broker, has started brokering emissions credits under the Kyoto Protocol’s Clean Development Mechanism (CDM) and Joint Implementation (JI) schemes.
King coal still fired up
Despite the soaring cost of emissions reduction credits, the EU emissions trading scheme has yet to dampen utilities’ demand for coal. But, finds Oliver Holtaway, it may affect their long-term investment decisions
The cost of power
The market in European Union emissions allowances is taking off, largely thanks to Nord Pool
TFS brokers first Nymex emissions contract
Global broker Tradition Financial Services (TFS) has brokered the first transaction on the New York Mercantile Exchange (Nymex) emissions futures contract.
Evolution expands US west coast emissions brokerage ops
Energy broker Evolution Markets has expanded its environmental market operations for the western US with the hire of Laura Meadors, an expert in environmental market design and analysis. She is based in the San Francisco office, which opened in February…
Emissions education
As the European carbon market continues to grow, so too do some unique challenges: not least the gap between retail and wholesale players and the problem of counterparty credit risk. Oliver Holtaway reports
A calculated gamble
After a promising start, Canadian carbon trading has slowed. The country has much work to do if it wants to get a domestic greenhouse-gas trading market running ahead of the 2008 Kyoto deadline. By Catherine Lacoursiere
Austrian Energy Exchange launches emissions trading
The Austrian Energy Exchange, EXAA, joined the ranks of European exchanges trading emissions yesterday with its first spot auction of European Union CO 2 allowances (EUAs).
Swiss Re to launch emissions desk
Global reinsurance firm Swiss Re will set up an emissions desk in within a month, says Chris Walker, New York-based managing director of the greenhouse gas risk solutions team at the company.
ECX and Powernext team up on carbon trading
French electricity exchange Powernext and the Amsterdam-based European Climate Exchange (ECX) have agreed to jointly offer carbon futures and spot contracts. The partnership is complimentary, because ECX lists a futures contract and Powernext offers a CO…
Nymex to launch emissions futures on ClearPort
The New York Mercantile Exchange (Nymex) is to introduce sulphur dioxide (SO 2 ) and nitrogen oxide (NOx) futures contracts on Nymex ClearPort on June 19 for the June 20 trading session, the exchange said today.
New carbon brokerage targets non-power-sector SMEs
Three senior players in the European emissions trading market have launched Carbon Capital Markets, a broker-dealer service that targets small to medium-sized companies (SMEs) outside the power sector.
Powernext to launch spot carbon contract in late June
French electricity exchange Powernext will launch its delayed CO 2 emissions spot market on June 24, barring any technical or administrative difficulties among market members.
DrKW launches retail carbon product
Dresdner Kleinwort Wasserstein has paved the way for private investors to gain exposure to the carbon emissions market with a new securitised product.
Barclays Capital in first Leba carbon index trade
Barclays Capital has completed the first financial carbon trade using the new Leba Carbon Index for "a significant volume" of EU emissions allowances.
Point Carbon buys Natsource Scandinavia’s analysis unit
Carbon emissions consultancy Point Carbon has bought Natsource-Tullett Scandinavia, Europe’s largest power and gas analysis firm, but will disband Natsource’s Oslo brokerage operations. The move adds power and natural gas market analysis to Point Carbon…
Carbon copycats
The EU emissions trading scheme, which started in January this year, is already attracting the attention of hedge funds, who see opportunities in this developing and less crowded market, finds Solomon Teague
Clearer signals ahead
Estimating CO2 prices in the first Kyoto budget period of 2008–2012 is now a key risk-management challenge for utility analysts. Abyd Karmali, Sebastian Foot and Nazim Osmancik look at what is likely to drive prices in this period
Vying for top spot
Emissions traders will soon be looking beyond simple forward trades towards options, swaps and exotic derivatives. But for these markets to develop, a tried and trusted index or daily assessment must emerge. Several firms are now vying to become the…
Signs of the times
A comprehensive Energy Risk survey into emissions trading finds there is widespread confidence in the development of the market, but less conviction that the scheme will tackle global warming. Stella Farrington reports
Winds from the west
A raft of MOUs and price cuts during the past 18 months shows the determination of US exchanges to gain a foothold in Asian markets. But are Asian investors ready for their products? By James Ockenden
Editor
"Even advocates of the screen must concede that some of the colour has gone out of the City of London"