News
Voluntary carbon market doubles in 2008
The voluntary carbon market is maturing fast and more than doubled in size last year, according to a new study from research firms Ecosystem Marketplace and New Carbon Finance.
New RFS proposal could hurt corn demand
The Environmental Protection Agency's (EPA) latest proposed regulations for the National Renewable Fuel Standard (RFS) has cast doubt on corn's future as the primary source of ethanol in the US.
EOXLive platform offers OTC nat gas swaps and swap spreads
EOX Holdings has added OTC fixed natural gas price swaps and swap spreads to its EOXLive trading platform. EOX Holdings is owned by independent interdealer broker OTC Global Holdings (OTCGH), which uses the platform.
Munich Stock Exchange to offer spot carbon trading
The Munich Stock Exchange plans to enter the carbon market with the introduction of spot trading for European Emission Allowances (EUAs) and Certified Emission Reduction units (CERs) in the summer.
Eurex launches silver derivatives
Derivatives exchange Eurex has announced that from June 15, it will extend its commodity product offering with new silver futures and options.
CME Group to launch cleared petroleum swaps
CME Group will launch a clearing service for eight new Nymex petroleum swap futures contracts on May 31.The contracts will be cleared through CME Clearport and are expected to appeal to both US and European airline industry for hedging and to the US…
Norway to sell 12.7 million EUAs in 2009
The Norwegian Ministry of Finance has announced it will sell 12.7 million EUAs this year through Barclays Capital.
DOE announces $2.4bn in CCS funding
US Energy Secretary Steven Chu has awarded $2.4 billion from the American Recovery and Reinvestment Act to the development of carbon capture and storage (CCS) technology.
US Treasury outlines OTC regulation plan
The Obama Administration has proposed a regulatory framework for all over-the-counter (OTC) derivatives contracts.
BlueNext and Markit announce new carbon index
Environmental exchange BlueNext has announced that it will form a strategic partnership with financial information provider Markit, to create a range of emission index products.
Calyon and EDF Trading form partnership
EDF Trading has formed a trading partnership with Calyon, the corporate and investment banking arm of the Crédit Agricole Group.
Regulator expands energy panel to examine carbon trading
The Commodity Futures Trading Commission (CFTC) has appointed 11 members to a newly expanded panel established to prepare the government for carbon trading.
ERBD invest up to €5 billion in renewables stimulus
The European Bank for Reconstruction and Development (EBRD) has announced it will invest between €3-5 billion in sustainable energy projects in Eastern Europe before 2011 in an initiative to attract further co-financing of up to €10 billion.
Downturn changes oil & gas risk landscape
The oil & gas sector has been severely impacted by the global economic downturn, with new risks for the industry emerging that threaten the near-term survival and prospects of companies, according to a report from accounting firm Ernst & Young.
Icap launches iron ore broking service
Interdealer broker Icap has set up an iron ore derivatives broking service based in London.
SunGard acquires risk management solution from ICE
Pennsylvania-based software company SunGard has acquired the ICE Risk commodity trading solution from IntercontinentalExchange (ICE.)
London Array wind farm receives final investment
Utilities DONG Energy, E.ON and Masdar have announced that they will invest €2.2bn in building the first 630MW phase of the London Array offshore wind farm in the Thames Estuary.
Centrica invests in EDF's UK nuclear business
UK utility Centrica has bought a stake in EDF's newly-acquired nuclear business in the UK.
Alpha and Foundation to form third largest US coal producer
US coal producers Alpha Natural Resources and Foundation Coal Holdings have merged to create the nation's third largest coal producer.
Dow Jones-AIG Commodity renamed through UBS acquisition
UBS has announced that Dow Jones-AIG Commodity Indexes have been renamed Dow Jones-UBS Commodity Indexes following the completion of its acquisition of the commodity index business of AIG Financial Products.
Shale gas production could reduce Europe's dependence on Russia
Rising shale gas production in the US and Canada as well as potential natural gas supplies from Iraq could reduce European energy dependence on Russia, according to a new study released today by Rice University's Baker Institute for Public Policy.
Platts price assessment proposals face scrutiny
Questions have been raised in the energy trading sector about Platts' decision to align its US fixed price and differential crude oil and products assessments at 3.15pm eastern time (ET).
Rubber volumes fail to improve despite Tocom's extra trading hours
Rubber trading volumes have failed to be boosted by a revamped trading system launched this week on the Tokyo Commodity Exchange (Tocom).
LCH.Clearnet to clear iron ore swaps
London based clearing house LCH.Clearnet has announced that it will clear over the counter (OTC) iron ore swap contracts before the end of May.