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EEX launches daily CO 2 price index

The European Energy Exchange (EEX) will from today publish a reference price for the trade in CO 2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which will start on January 1, 2005.

    • Joe Marsh
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Several big European trading participants have already agreed to participate in the project by reporting the transactions they execute. The Leipzig-based EEX will calculate the volume-weighted average on the basis of these reports and publish it as the CO2 index. The price will appear on the exchange's website after the end of trading at around 4pm.

The companies already involved are four German firms – Elektrizitäts-Gesellschaft Laufenburg, Eon Sales & Trading, Essent Energy Trading and

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