Sparkco2etcsec Discussion Threads

[outsider] 08/9/2009 10:33

Bigger jump today. up 8%

[outsider] 07/9/2009 11:06

From what I have seen Jim, both ADVFN and the trade data page seem toi update quickly on PLUS stocks but not the TOP 5 which seem to be 15 mins.

(ADVFN Doesnt have the faciilty for CO2P as yet, Have emailed not sure if they will do anything.)


Edit ah see what you mean now states del 15 mins.........I thought it moved before that when watching Dominion the other week.

[egoi] 07/9/2009 10:36

And another tick up.

Pete is this new or have I been missing it - I went to the trade data page and it says 'trades delayed 15 minutes'.

I'm pretty sure that trades have been instantaneous on the site previously; infact I seem to recall one of mine in another stock on Plus appearing a couple of minutes before the dozy telephonist told me the deal was done!

[outsider] 07/9/2009 08:50

good start to the week!

[outsider] 03/9/2009 13:35

trading update from climate exchange this pm


Total open interest on ECX surpassed 750,000 contracts. EUA futures open interest has grown 125% over the course of the year.

[outsider] 28/8/2009 08:17

Up at open 15.5-17p

[outsider] 27/8/2009 12:03

3 x 50000 at 15p

I'm now thinking mm's are ringing round to fill a large order,judging by the price action.

[outsider] 27/8/2009 11:15

Yes I agree, I hope its the larger of the two forecasts, looking at the wording they have said plural, so you would think so, either way they mention they are SIGNIFICANTLY ahead, so it augers well.

[egoi] 27/8/2009 11:09

I know what you mean, rather a clique if you ask me, Your Honour, but one can but try from time to time! -:).

Anyway back to business, if they are going to make significantly more than £290k this year, it's an open goal!

[outsider] 27/8/2009 11:05

No idea on the market makers JIm, I mean Sir!!


OK may do it in the future if in the mood, but not that keen on MF!

[egoi] 27/8/2009 10:53

sir, lol! -:)

Pete I think you should do it - you have all the facts at your fingertips and you've spoken to them. As a fellow shareholder I'll happily back you up though! -:)

PS: Do you know who the market makers are on it?

[outsider] 27/8/2009 10:00

thank you sir.

If you wish to do a write up on MF following on your 1m PLUS post please feel free, you have a good reputation there.

[egoi] 27/8/2009 09:47

I'm in - nice find!

[outsider] 27/8/2009 08:49

Bought again this am

[outsider] 26/8/2009 17:11

According to Point Carbon, the global market for carbon credits is growing rapidly with total traded
volume reaching $59bn in the first six months of 2008 compared to $64bn for the whole of 2007 and
$31bn for 2006.

[outsider] 26/8/2009 15:58

The Carbon Brokers
by Pratap Chatterjee, Special to CorpWatch
February 18th, 2005

Traders are gearing up for a new futures market. These new carbon exchanges promise billions in potential profit, but will they save the planet? High up in the Rocky Mountains of Colorado, the town of Aspen has been blanketed with 24 inches of snow in the past week. This has meant booming business to a 60-year-old company which sells hotel rooms and ski passes to local attractions like the Hanging Valley Headwall.

The Aspen Skiing Company may not always be so blessed. In the not-too-distant future, when climate change starts to take significant effect, warmer winters and less snow could cause the business to go bust. That's why this week Pat O'Donnell, the president of the company, decided to participate in a voluntary scheme to reduce global warming.

On Tuesday O'Donell announced that his company would join the Chicago Climate Exchange (CCX) and trade greenhouse gas reductions, in a market that offers its members the opportunity to voluntarily commit to reducing their impact on the world's weather.

The way the system works is this: CCX members agree to reduce greenhouse gas emissions by four percent by 2006. This percentage comes from a baseline percentage of emmisions that occurred from 1998-2001. Members who reduce beyond the goal may sell emission allowances on the exchange. Members who do not meet their goal must buy allowances on the exchange in order to stay in compliance.

"The ski business has to get our own house in order, otherwise we're sunk," Auden Schendler, the company's director of environmental affairs, told CorpWatch. "Any sensible business leader knows that carbon credits are the wave of the future."

The company is not legally required to trade in "carbon credits" because the United States has not signed the Climate Change Convention, but across the Atlantic, in Europe, most major power plants and factories, have become part of a legally binding scheme to reduce greenhouse gas emissions, that went into effect this week.

The European Union scheme is the first multi-national emissions trade system in the world that covers all 25 member states. Canada and Japan are planning their own carbon markets soon, which will likely be linked to the European Union scheme.

The first "carbon trade" was actually executed, before the laws went into effect, in March 2003 between Shell, the global oil company, and Nuon, a six year old Dutch multinational that also supplies power to users in Belguim and Germany, in which Nuon bought a significant volume of allowances from Shell for 2005.

Carbon trading is an umbrella term that includes the trading of greenhouse gas reduction credits that were defined in the 1997 Kyoto Protocol of the Climate Change convention, first drawn up in 1992. There are two major systems of trad that were agreed upon - Joint Implementation (JI) and Clean Development Mechanisms (CDM). JI allows emissions credits to be traded between two different countries. CDM allows companies to earn credits by paying for emissions-reducing and clean energy projects in developing countries.

Countries set greenhouse gas limits for emitting companies, giving those companies what the Kyoto Protocol calls "Assigned Amount Units" (AAUs). If a company produces less than its limit, it can trade remaining allotments to companies that have exceeded their limit.

Each country gets to decide how to divide up its carbon allocation - for example Denmark announced this week that its 235 electricity and heat producers will be allocated 65.1 million tonnes, while 120 industry and offshore producers will be allocated 27.6 million tonnes. In addition the country set aside a reserve of 0.9 million tonnes for new entrants and significant growth.

The incentive to trade is based on the fact that for every tonne of CO2 that goes over their target, companies are liable to a fine of 40 euros during a three-year transitional period. From 2008 to 2012, the punishment zooms up, to 100 euros per tonne of CO2.

All told, some 13,000 companies across Europe are required to take part in the scheme, such as electricity and heat generators that exceed 20 megawatts, cement, ceramics, ferrous metal, glass, pulp and paper producers, which are the largest emitters of green house gases.

The biggest emitters of carbon dioxide registered under the EU scheme are respectively; the German energy groups RWE AG and E.ON, Swedish power company Vattenfall, Endesa from Spain, followed by Anglo-Dutch steel and aluminium company Corus Group, Royal Dutch Shell Group, Thyssen Krupp, Estonian power group Eesti Energia and Britain's Drax Power.

The current market price of a tonne of carbon is currently 7.92 Euros (roughly $11), but it has fluctuated from 6 to 13.20 euros per tonne. There are six exchanges that help companies buy and sell carbon credits - CCX (which also owns Amsterdam-based European Climate Exchange), newly extablished and Climex and Sendeco2, as well as three existing electric power trading companies - Nord Pool, EEX and Powernext.

In 2004 alone nine million tonnes of CO2 have changed hands, a fraction of the 2.2 billion tonnes annually that can be potentially traded within the European Union starting this year. Trading costs, charged by the market brokers, have tumbled from 16 cents per tonne down to as low as 2.5 cents.

Point Carbon, a Norwegian analysis and consultancy company, predicts that the business could be worth tens of billions of Euros in just a few years and that Russia alone could earn as much as $10 billion, because its Kyoto targets were set at levels that peaked just after the collapse of the Soviet Union. Today Russia's power production has fallen some 30 percent, making it the world's largest owner of carbon credits, which also allows it to drive prices up by restricting supply.

But the biggest challenge is making the system actually deliver reductions in greenhouse gases, which can only be determined if the governments cut the number of allowances drastically. Right now, experts say that too many allowances have been issued for the scheme to drive a major clean-up of European industry.

"We need to accept that the first phase of emissions trading (2005-2007) is not going to deliver emissions reduction," Russell Marsh, head of policy at the Green Alliance, a UK environmental think tank, told the BBC. "It's clear that at the moment, the way it has been set up, the carbon price is not going to be high enough to make a real difference, now or for the next three years."

Indeed, if too many allowances have been issued, the carbon price will fall and could even hit zero, making the whole scheme collapse. But Andreas Arvanitakis of the consulting firm, Point Carbon UK, believes that the price of up to 20 euros is "perfectly feasible." "A cold and dry winter in Scandinavia would mean that there was little hydropower available, and more coal would be used, which would push the price of carbon up," he told the BBC. "In fact, the winter has been mild and wet, which is one reason why the price has fallen by more than a euro since the start of the year."