US carbon market addresses known unknowns

US President-elect Barack Obama has made it clear that climate change will be one of his new administration's top priorities, and the Democratic majority in the Senate - regarded as the more difficult of the two Houses in which to pass environmental legislation - has ramped up expectations and preparations for a federal cap-and-trade scheme.

Harnessing a desire from big emitters to hedge as yet unclear exposures, Chicago Climate Futures Exchange (CCFE) has listed a new hedging tool as an addition

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