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UK broker trade group to launch emissions indexes

The London Energy Brokers’ Association (Leba) will launch a series of ‘green indices’, which it says are designed as independent benchmarks for the European emissions market. The association will release both spot and forward indexes, with the aim of aiding financial trading and driving liquidity in the market.

Leba plans to launch a forward index by April 1 based on the European emissions trading scheme (ETS) trades for 2005, 2006 and 2007. The group will launch a spot index later in the year, said Leba, once any issues concerning the spot market have been resolved.

The five brokers reporting prices for the indexes will be GFI, Icap, Prebon, Spectron and Tradition Financial Services.

The Leba indexes

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