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Snow

First snowfall trade cleared on CME

Choice Environmental, a portfolio company of OTC Global Holdings (OTCGH), has brokered the first CME-cleared snowfall hedging risk instrument – a snowfall binary option contract for Detroit.

Carbon emission

Carbon market seen at $400bn by 2014

The global carbon emissions trading market will more than treble by 2014 from 2008 levels, reaching nearly $400 billion, according to market intelligence company ABI Research.

RGGI lawsuit settled

A challenge to the legality of the Regional Greenhouse Gas Initiative (RGGI) has been settled, according to a statement from the New York State organisations involved.

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