Green Exchange to launch RGGI futures and options in August
The Green Exchange, an environmental exchange backed by New York Mercantile Exchange (Nymex), will launch futures and options contracts based on Regional Greenhouse Gas Initiative (RGGI) carbon allowances at the end of August.
RGGI is a cap-and-trade system to regulate the carbon dioxide emissions from power plants of ten north-eastern US states. It plans to begin quarterly auctions of allowances on September 25 this year.
The futures contract, the first exchange-traded futures contract for a US compliance regime, will launch on August 24, for August 25 trade date. It will therefore allow market participants a full
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