Carbon
IPE-ECX carbon futures contract faces fierce competition
London’s International Petroleum Exchange (IPE) and the Amsterdam-based European Climate Exchange (ECX) are set to offer CO 2 futures contracts under the EU Emissions Trading Scheme (ETS).
Powernext selects Trayport for emissions trading, awaits CO 2 allocation
French electricity exchange Powernext will use software supplier Trayport’s Global Vision platform for CO 2 emissions trading, but is still waiting to start the spot emissions market it first announced in January.
A shift in perspective
As far as the electricity market is concerned, the EU emissions trading scheme is aimed only at the generation side of the market. But end users also affect carbon emissions levels. This could represent a missed opportunity. Here, Oliver Rix, Phil Grant…
Greenpeace protest at IPE fuels debate on emissions trading
Greenpeace’s invasion of London’s International Petroleum Exchange (IPE) on Wednesday was intended to draw attention to the environmental impact of ‘big oil’ on the day the Kyoto Protocol came into force. However, by attacking an exchange that is about…
UK broker trade group to launch emissions indexes
The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of…
If the cap fits...
Legal compliance seems the only way to achieve cuts in carbon dioxide emissions. Europe is leading the way, but the US is some way from a similar approach, despite a regional initiative sparking some interest. Joe Marsh reports
European Commission sues over emissions-trading legislation
The European Commission is taking legal action against Greece, Italy, Belgium and Finland for not fully transposing the emissions-trading directive into national law by December 31, 2003. Separately, Italy will receive a final written warning because it…
Amerex gains sulpur dioxide trading privileges on CCX
Houston-based broker Amerex Energy has obtained SO 2 trading privileges on the Chicago Climate Exchange (CCX), an emissions-trading marketplace. Amerex can now broker futures contracts in trading increments of 25-tonne SO2 allowances. The standard over…
European partnership plans emissions trading market
Pan-European exchange operator Euronext plans to launch an emissions trading market in March 2005 in conjunction with French electricity exchange Powernext and French state-owned investment bank Caisse des Dépôts et Consignations.
A Kyoto windfall
Heavy polluters needing to reduce emissions under new EU legislation may find a solution in the developing world under Kyoto’s Clean Development Mechanism. Stella Farrington reports
Open for business
The EU Emissions Trading Scheme began this month, but much of the success of the fledgling carbon market will hinge on the behaviour of the 5,000 small companies who make up the bulk of the market. By Stella Farrington
Powering prices
The UK supplies the lowest priced power in Europe, and its Department of Trade and Industry wants to keep it that way. So it has published a report uncovering how the European Emissions Trading Scheme will affect power prices across Europe. By James…
The ETS law is an ass
Consultant Chris Cook offers a sceptical view of the development of European emissions trading, and suggests a new global energy solution based on an alternative to the financial market paradigm
Editor
“With a peaceful mind I face all the crimes alleged against me; I blame myself for errors made...”
James Cameron
As the EU steps up efforts to tackle climate change through the EU ETS, James Cameron, CEO of Climate Change Capital, talks to Stella Farrington
EnBW starts reporting CO 2 trades to EEX
EnBW Trading today became the eighth company to report its carbon emission trades to the European Energy Exchange (EEX) for the exchange’s CO 2 price index. EnBW Trading is a subsidiary of Karlsruhe-based German utility EnBW Energie Baden-Württembergin.
London to be world carbon market centre
The UK’s early move into carbon emissions trading means London is now well placed to become a world centre for the emerging carbon market, UK Environment Minister Elliot Morley said Wednesday.
Static emissions price “does not reflect fundamentals”
The European emissions trading market, with its static price over the last four to five weeks, “is not a good market,” and does not reflect fundamentals, said Chris Rowland, managing director of utilities research at Dresdner Kleinwort Wasserstein.
EEX to launch spot carbon contract
German-based electronic exchange European Energy Exchange (EEX) is to launch a spot contract to trade EU carbon emissions allowances in January 2005.
European emissions trading on track
The EU emissions trading scheme is on track to start in January 2005, with the European Commission having approved 16 out of 25 of the EU member National Allocation Plans that lie at the heart of the scheme, said Peter Vis, acting head of the Industrial…
Chicago Climate Exchange approved to trade futures
The Chicago Climate Futures Exchange (CCFE) obtained approval from the US Commodity Futures Trading Commission (CFTC) last week to trade emissions futures contracts.
EEX launches daily CO 2 price index
The European Energy Exchange (EEX) will from today publish a reference price for the trade in CO 2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which will start…
The windy city rules
The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future