Wt Carbon Discussion Threads

[energyi] 24/5/2005 07:38

KEYNOTE at the GAIM Conference...

The New Market In Greenhouse Gas (GHG)Trading:
Understanding The Practicalities, Pitfalls & Opportunities In
The World's First Multi-National And Multi-Sector Market For
Reducing And Trading Greenhouse Gas Emissions

● The Big Picture: setting targets for reducing greenhouse gas levels
● understanding the practical issues in launching a self-regulatory exchange for reducing and trading (GHG) emissions in North America with eligible offsets
- assessing new trading opportunities:
- selling surplus emission allowances
● purchasing emission allowances
● future prospects for members

Richard L. Sandor, Chairman & CEO
CHICAGO CLIMATE EXCHANGE, INC (CCX)
CCX is a self-regulatory exchange that administers a voluntary greenhouse
gas reduction and trading program for North America. Dr. Sandor is widely
recognised as a founder of the interest rate derivatives markets, now traded
worldwide as well as catastrophe insurance derivatives. Most recently, he has
designed revolutionary market mechanisms for market-based environmental
protection programs. Richard is currently a Director of NASDAQ LIFFE
Markets (NQLX) and of the IntercontinentalExchange, an electronic
marketplace for commodity and derivative products.

@:
(Lausanne, Switz. 7-9 June 2005)

[energyi] 06/5/2005 18:03

CarbonFund.org
Mar 17, 2005 -

To Purchase and Retire Carbon Credits for Individuals, Businesses

Washington, DC - Carbonfund.org, a Washington, DC-based nonprofit organization, announced today that it has become an associate member of the Chicago Climate Exchange (CCX), a voluntary, legally binding multi-sector market for reducing and trading greenhouse gas emissions. Carbonfund.org helps individuals, businesses and institutions reduce the threat of global climate change by purchasing and retiring greenhouse gas emissions credits.


"We created Carbonfund.org because the threat of climate change is too important to ignore or put off on our children," says co-founder and President Eric Carlson. He continues, "Carbonfund.org provides an uniquely flexible and affordable mechanism for all individuals and stakeholders to make an immediate and tangible difference in the fight against climate change. Basically, we buy carbon and retire it."


"CCX welcomes Carbondfund.org's participation in our program, says Dr. Richard L. Sandor, chairman and CEO of CCX. "We are thrilled to have the first member whose primary goal is to purchase and retire carbon credits, creating an ongoing demand for carbon instruments. By purchasing and retiring credits, Carbonfund.org helps develop this cost-effective, market-based environmental protection strategy."


Carbonfund.org makes carbon offsets simple: Supporters can choose to offset a fixed number of tons or calculate their specific carbon footprint with an online calculator (www.carbonfund.org). Supporters receive a certificate for their donation and all donations are tax deductible. Carbonfund.org purchases greenhouse gas emissions from a variety of sources, of which CCX will be an important partner. The permits are permanently retired, thereby reducing the total amount of greenhouse gases that can be emitted.

"Our goal is to offer individuals and businesses the lowest-cost, easiest-to-use pathway to reducing climate change. We are pleased to be a member of CCX and a leader in the burgeoning carbon market," says Carbonfund.org Vice-President Lesley Carlson.

For information: or

[energyi] 06/5/2005 17:57

Rocky Mountain Institute Joins Chicago Climate Exchange

Snowmass, Colo., July 26, 2004 - Rocky Mountain Institute (RMI) announces that it has joined the Chicago Climate Exchange?, Inc. (CCX), a market created for companies to buy and sell credits to achieve cost-effective reductions in greenhouse gas emissions. As an Associate Member, RMI will quantify its greenhouse gas emissions each year, then purchase through the CCX market an equivalent amount of carbon dioxide credits to offset its emissions. RMI will then permanently retire the purchased credits from the CCX market, effectively mitigating the Institute's impact on global climate change.

"RMI is excited to work toward climate neutrality with its carbon emissions, both for the environmental benefits and the business case it will help us promote," said RMI CEO Amory Lovins. "RMI's work with clients to create climate mitigation strategies has shown us that greenhouse gas trading can play an important role in those strategies."

CCX is the first system in which entities from the public and private sectors enter into legally binding commitments to use a rules-based market for reducing their greenhouse gas emissions. Although RMI does not directly emit greenhouse gases through stationary fossil fuel combustion, it contributes to emissions of greenhouse gases through business-related travel, heating fuel purchases, and some electricity purchases. (Much of RMI's electricity already comes from wind and solar sources, and it uses some exceptionally energy-efficient buildings and equipment.)

"Rocky Mountain Institute's experience and expertise in linking organizations' profits to environmental sustainability, and energy use management in particular, is world-renowned," said Richard L. Sandor, chairman and CEO of the Chicago Climate Exchange. "We are very excited to be able to facilitate RMI's linkage to the greenhouse gas emissions trading market. Its participation will serve both the development of CCX and the business goals of its clients."

@:

[energyi] 06/5/2005 17:50

Chicago Climate Exchange (CCX) is the world's first multi-national and multi-sector market for reducing and trading greenhouse gas emissions.

[energyi] 25/4/2005 14:06

LONDON : Friday 22nd April, 2005
Trading started in first carbon futures contracts

CARBON ASSET areas:
: Certified Emission Reductions (CERs),
: Emission Reduction Units (ERUs),
: Assigned Amount Units (AAUs), and
: EU allowances

For Co2 Emitters:
If a company fails to surrender a number of allowances equal to the amount of CO2 emitted you will face fines of €40 per tonne in the first phase. This fine will rise to €100 per tonne in the second phase (2008-2012)



First day sees 108,000 tonnes traded

European Climate Exchange (ECX) and the International Petroleum Exchange (IPE) today announced that the first day of trading for ECX Carbon Financial Instrument (ECX CFI) futures contracts saw 108,000 tonnes of CO2 traded. Full details of the day’s trading are as follows:

Volume traded: 108,000 tonnes â€" 108 lots

Price range: €16.80 - €17.40

Closing price for December 2005: €16.85

The first trade took place between BP and E.ON UK plc at 0800hrs BST for 10 lots (equivalent to 10,000 tonnes of CO2) of December 2005 at a price of €17.05. The trade was cleared by Calyon Financial SNC (a subsidiary of Calyon Corporate and Investment Bank) and ABN AMRO Futures Limited.

“The Exchange increases liquidity through greater price transparency and this deal confirms our support for the development of the EU Emissions Trading Scheme” said Emma Johansson, BP’s lead emissions trader.

Gareth Halstead, Lead Trader at E.ON UK plc., said: “E.ON UK is excited to be at the beginning of trading in ECX CFI futures contracts on the IPE. The launch of futures contracts is a decisive step in the development of a liquid pan-European emissions market.”

The ECX CFI futures Contract, which is listed for electronic trading on the IPE, is the first exchange-traded CO2 futures contract for the European Union’s Emissions Trading Scheme. ECX CFI futures allow users to lock-in prices for emissions allowances delivered at set dates in the future and are a useful alternative to over-the-counter forward contracts, allowing users to secure transparent prices and reduce counterparty risk. Trades are cleared through LCH.Clearnet Ltd.

Peter Koster, Chief Executive of ECX commented: “This is an historic day for the carbon market in Europe. We have seen a brisk start to the futures market broadly in line with our expectations.”

Neil Eckert, Chairman of ECX, said: “This is a significant achievement for everyone involved at both ECX and IPE and marks an important step in advancing the EU Emissions Trading Scheme into a European commodities market.”

Access to the IPE for the trading of ECX CFI futures Contracts can be secured by becoming an IPE Member or order-routing as a client of an IPE Member. There are currently 28 members, including most of Europe’s and America’s major trading banks, who have signed up to trade for clients or on their own behalf â€" a full list can be found at:



Further information about gaining access to ECX CFI futures contracts can be found at www.ecxeurope.com or www.theipe.com/emissions

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LINKS:
Futures Trading: or
Futures Prices.:
HKex website. :