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Carbon trading to rival crude markets: CCX head

Carbon trading set to become the biggest commodity market in the world

Carbon trading could soon become the biggest commodity market in the world, Chicago Climate Exchange (CCX) founder Richard Sandor told the Energy Risk USA conference in Houston yesterday.

Emissions are already the largest commodity type traded in Europe, Sandor said, with open interest of around 910,000 contracts compared with the second largest, Brent crude oil, which settled above 800,000

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