BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
BlueNext, which is owned by NYSE and French state financial institution Caisse des Dépôts, will spend the time between opening the US office and the end of 2009 developing RGGI-related products, but no firm details are available yet.
A New York-based exchange may also be a possibility in the future. Keiron Allen, marketing and communications director of BlueNext, said: "This is definitely on the cards, but at the moment the volumes traded don't really warrant an exchange." In the meantime, any
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