NYSE Euronext and Caisse des Dépôts launch carbon exchange

The company, 60% owned by NYSE Euronext and 40% by Caisse des Dépôts, has targeted North America and Asia as key areas of expansion. It plans to begin by operating a spot market in CO2 emission allowances before expanding to creating a market for emission credits as soon as connections to international logs are operational.

In the second quarter it will set up a futures market with physical delivery of allowances and credits, a move that it says will favour overall market liquidity and depth