RGGI futures contracts start well
Trading of Regional Greenhouse Gas Initiative (RGGI) CO2 futures contracts on the Chicago Climate Futures Exchange (CCFE) got off to a positive start since their launch on 15 August.
According to the exchange, 102 futures and 25 options have been traded so far. The contracts were introduced to meet the demand of large power producers in the RGGI region for a low cost, transparent and standardised platform to hedge against price fluctuations in the RGGI CO2 emissions market.
“This market will require price transparency and efficient, exchange-based systems for maximum success,” says Richard Sandor, chairman and chief executive officer of the CCFE. “As RGGI evolves, CCFE will
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