Nymex To Compete With CCX
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.
Energy Manager News
- Could Cleaner Energy Save Ohio Ratepayers $50M in 2030, Alone?
- Yakima City Council Mulls Utility Rate Hike on Large Businesses to Bolster Reserve Fund
- Making Solar Inverters Smarter
- Unlocking the Power of Building Data
- Lockheed Martin Installs the GridStar Storage System at Syracuse Facility
- Schneider Electric Unveils Continuous Efficiency
- Avista Lauds ‘Fair’ Settlement in Idaho Rate Case
- BGE’s SEED Program Offers Energy Discounts to 19 Commercial Customers