NYSE Euronext to acquire Powernext Carbon

Powernext will provide the basis for an organized international market in CO2 emission permits and credits to be developed in association with Caisse des Dépôts et Consignations (CDC).

This transaction, which remains subject to the approval of the Extraordinary General Meeting of Powernext shareholders on December 21, would be coupled with NYSE Euronext's complete withdrawal from Powernext through the sale of its 34% stake in the company.

From early 2008 a joint venture between NYSE Euronext and Caisse des Dépôts et Consignations will offer the full range of international market services for carbon emission permits, from trading to settlement and delivery.

The move comes as exchange operators look to increase their carbon trading capabilities.

The CME Group, the world's largest derivatives market, has said it is interested in developing carbon trading products, while Nymex Holdings, owner of the New York Mercantile Exchange (Nymex), recently revealed it will begin offering contracts for carbon trading in early 2008.

Nymex has also long been rumoured to be a potential takeover target for NYSE Euronext.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

2021 brings big changes to the carbon market landscape

ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis

Energy25 winners in review

Energy25 aims to capture, define and analyse an important period in the development of energy markets, providing an invaluable yardstick for all participants. More broadly, it represents the latest stage in the strategy of defining, researching and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here