The New York Mercantile Exchange and Evolution Markets launched The Green Exchange yesterday, making it the second U.S. platform for futures trading based on carbon emissions.
The exchange joins the Chicago Climate Exchange, which has been trading greenhouse gas emission allowances since 2003.
The Green Exchange opened with four contracts, two linked to European emissions and two involving U.S. emissions trading schemes.
The exchange will soon offer renewable energy credits and voluntary carbon credits, according to reports.
Evolution Markets said trading on the new platform will not be affected by the purchase of the NYMEX by the CME Group Inc. (NYSE: CME), which was announced yesterday.
Read SustainableBusiness.com’s earlier coverage of the Green Exchange:
"Nymex and Other Majors Form Green Exchange"
"Nymex Green Exchange to Launch First Contracts"
Or Reuter’s coverage from yesterday.
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