Energy
ICE to acquire YellowJacket
Electronic exchange and over-the-counter (OTC) market operator IntercontinentalExchange (ICE) is to acquire YellowJacket Software.
Icap Hyde buys Capital Shipbrokers
Global shipbroking firm, Icap Hyde, has acquired Capital Shipbrokers, a privately-owned shipbroker based in London.
Bank of America closes London commodities desk
Bank of America has closed its London-based energy and commodities trading desk as part of a global “realignment” strategy of its investment banking division that will see a total of 650 employees made redundant.
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.
First Dutch spark spread traded
The first OTC Dutch spark spread, which represents the generating margin of gas-fired power stations, was traded this week, brokered by Spectron.
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
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.
Renewables set to lose out as Energy Bill stalls in Senate
US Republicans have forced Democrat supporters of the Energy bill to drop a controversial tax provision that would have cut tax breaks to major oil companies in an effort to boost spending on renewables.
Nymex Launches Green Exchange
Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex), is to form a new exchange trading environmental futures, options and swaps contracts.
US Senate halts progress of energy bill
A package of energy measures passed by the House of Representatives Thursday stalled in the Senate Friday because of opposition to two key provisions.
NYSE Euronext to acquire Powernext Carbon
NYSE Euronext has reached an agreement with French energy exchange Powernext to acquire Powernext Carbon, the company's emission permit division, as part of its plan to set up an international carbon market.
Barcap launches global carbon index
Barclays Capital has launched a global carbon index, which tracks the performance of carbon credits in major emissions trading schemes.