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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Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
NYMEX Considers Trading Greenhouse Emissions
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