The New York Mercantile Exchange plans to offer contracts for trading carbon dioxide, The Wall Street Journal reports. Nymex hopes to use its existing relationships with energy companies and traders to snatch business from the Chicago Climate Exchange. Nymex hasn’t said when this might launch.
Even without a mandatory cap, U.S. companies have been trading voluntary allowances. Companies in the U.S. are buying allowances to offset their own emissions, either to promote a green public image or to gain experience in allowance trading.
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Today's combination of dwindling natural resources, economic uncertainty, and the growing threat of global warming underscores the urgent need to embrace "being ... continue »
The National Geographic Society and the international polling firm GlobeScan have unveiled a new mechanism for measuring and comparing individual consumer behavior ...
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Joe Sprouls gives a tour of Citigroup's $310 million Green Skyscraper.
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