Green Options » carbon trading program

Benchmark 2007 EU Greenhouse Gas Emissions Data Set To Rock The Carbon Market

Angelique van Engelen — Tue, 01 Apr 2008 13:05:10 +0000

All participants to the EU Emissions Trading Scheme ought to have submitted crucial data on their 2007 greenhouse gas emissions levels by 31 March. The greenhouse gas data would be sourced by around 10,500 companies involved in carbon trading and is an important factor influencing the market price of traded carbon.

But many of the parties failed to meet the deadline, which is why the EU authorities in charge of the information said they will release the data to the public at a later date.

Emissions data is of vital importance for market traders because it shows the level of demand for the instruments they trade. The data is seen as a benchmark number setting the appropriate carbon price.

Enterprise Carbon Credits - Creating Order In The Chaos

Angelique van Engelen — Mon, 31 Mar 2008 10:51:54 +0000

Companies involved in offsetting their carbon footprint have access to over twenty tools to calculate their emissions, most of which have been launched in the last year. So far, the voluntary carbon offsetting market is dominated by European players. Reviews of their efforts have not been all too positive, so US companies following in their footsteps do best to avoid the pitfalls.

The main criticism centers on what’s left out of the equation. Companies embarking on greening up their business practices are faced with a daunting task and most go about it the “easy way” at first. There’s the option to simply offset carbons on the Chicago Climate Exchange, the European Climate Exchange or on the newly established NYMEX venture, the Green Exchange. Businesses have access to these exchanges if they wish to reduce their overall greenhouse gas emissions by as little as 1%.

NYMEX’ New Green Exchange Experiences Flying First Week

Angelique van Engelen — Sat, 29 Mar 2008 18:46:47 +0000

The Green Exchange was launched with bells and whistles a few months back. Last week the exchange traded for the first time and activity and volume it surpassed all expectations.

The Green Exchange is part of the New York Mercantile Exchange (NYMEX). During its first week, the equivalent of 1.59 million tons of carbon was traded. That volume makes the Green Exchange “the most successful launch of exchange-traded carbon contracts,” according to a report in the SunHerald.