Errata, observations and working notes
NYMEX Considers Trading Greenhouse Emissions
NEW YORK - The New York Mercantile Exchange is considering trade in global warming emissions credits, a bourse senior executive said Wednesday.
"We have been looking at it, and will continue, and think it has promise," Robert Levin, senior vice president of research at NYMEX, told reporters.
He said NYMEX had no set timetable to launch the emissions.
The global carbon market last year tripled to US$30 billion, with the lion's share taking place on the European Union's emissions market, according to the World Bank. The EU launched the market in 2005 to help countries meet their emissions obligations under the Kyoto Protocol on global warming.
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NYMEX Considers Trading Greenhouse Emissions
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