EEX and Eurex to launch CER carbon futures
To provide incentives for trading, the trading fees (exchange trading and over-the-counter registry) will be waived for the entire year 2008. Eurex members have been able to trade futures on the carbon credit associated with the European Union’s Emissions Trading Scheme (EU ETS) - EU Allowances (EUAs) - since they were listed on the EEX on December 5, 2007.
"For our market participants, CER contracts will be a valuable complement to existing EUA futures," said Peter Reitz, Eurex executive board member.
CERs are issued under the Kyoto Protocol for climate protection projects that industrialised nations carry out in developing countries. One CER is equivalent to one tonne of carbon dioxide reduction. CERs can now be used in part for emissions reduction compliance under the EU Emissions Trading System.
EEX and Eurex plan to launch the options on EUA futures in the second quarter of 2008.
See also: UBS launches Greenhouse Index
Barclays launches carbon trading index
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Exchanges
Risk management
Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Receive this by email