If you've no account register here first time
User Name :
User Email :
Password :

Login Now

European Climate Exchange Foresees Carbon Trade Doubling

carbonic-emissions2European Climate Exchange says it expects the amount the amount of carbon credits traded on its platform to double this year.

European Climate Exchange expects the volume of carbon emissions credits traded on its platform will exceed 6 billion metric tons, more than double the 2.8 billion metric tons traded last year, Reuters reports.

The exchange, which is owned by Climate Exchange Plc, dominates the European market for climate trading offsets, overseeing about 99 percent of all such volume.

The exchange currently covers companies that account for about 46 percent of European emissions. It oversees trading of permits for electricity utilities, oil and gas producers, cement and steel companies and pulp and paper makers.

Eventually, the exchange will begin trading credits for airlines and other customers.

Other companies are adding services in the carbon-trading arena.

World Energy Solutions has created a “virtual shopping mall” to put buyers of carbon offsets in control of their trading by allowing them to browse for the offset or compliance unit of their choice.

The Worcester, Mass.-based company’s flagship trading platform, the World Green Exchange, combines new technology with industry partnerships to create a “virtual mall” for carbon shopping that addresses the need for more transparency in carbon commodities procurement.

ClimatePath is trying to sell customers on the notion of “fair trade” carbon credits.

Canada and Mexico are considering the addition of carbon trading markets.

Just the Facts: 8 Popular Misconceptions about LEDs & Controls
Sponsored By: Digital Lumens

Real-Time Data as a Foundation to Drive Sustainability Performance
Sponsored By: Sphera Solutions

Stormwater Management Programs: How to Integrate New Technologies to Improve Processes and Operations
Sponsored By: VelocityEHS

Environmental Leader Product and Project Awards 2016
Sponsored By: Environmental Leader


Leave a Comment

Translate »