Markets: Analysis

Regulatory changes pave way for emissions trading
11 Apr 2008
Cabinet has agreed to technical changes to the regulatory framework for securities and futures exchanges and clearing and settlement systems that will support the introduction of emissions trading markets.
MfE publishes key guide to emissions measurement and reporting
11 Apr 2008
The all important new Government guide on what factors to use in calculating emissions has just been released.
EEX reports sales revenue up 5%, profit up to e8.3 million
10 Apr 2008
European Energy Exchange AG (EEX) has managed to continue its strategy for European growth successfully during the business year 2007.
Mexico gets World Bank’s first climate change loan
10 Apr 2008
Washington -- The World Bank Board of Directors yesterday endorsed its first climate change lending operation, for Mexico, worth US$501.25 million.

Dubai and Eco Securities developing major CDM emission reduction projects
10 Apr 2008
Dubai Multi Commodities Centre (DMCC) and Nakheel, Dubai's premier development company, have signed a Memorandum of Understanding to jointly identify and develop emissions reduction projects across the whole of Nakheel's operations.

New Zealand may attract premium on carbon deals
9 Apr 2008
New Zealand is generally viewed as a low-risk country, which will lead to a pricing premium for carbon deals.

Crucial soft launch for TZ1’s new registry
8 Apr 2008
There will be no great media event when the New Zealand Stock Exchange (NZX) launches its Time Zone One (TZ1) carbon exchange registry this month, with chief executive Mark Franklin expecting initial volumes to be slow, especially in New Zealand-sourced credits.

Tiny CER parcel heralds expansive future
8 Apr 2008
A parcel of just 20 gold-standard Certified Emissions Reduction (CER) units offered on auction site Trade Me last night has proven the efficiency of the United Nations International Transaction Log and the Swiss and New Zealand registries for local trader Carbon Market Solutions (CMS) of Hamilton.

BP executive warns emission market players to mitigate risk first
8 Apr 2008
Confusion surrounds New Zealand’s emissions trading scheme objective, BP spokesman Allan Gammon told last Friday’s carbon markets workshop in Wellington.

Holcim wants access to "hot-air" AAUs
7 Apr 2008
Big-emitting private companies, no less than the Government, should be allowed to source hot-air Assigned Amount Units (AAUs) from eastern Europe to meet their emissions trading scheme (ETS) liabilities, according to the energy and climate change group manager for cement manufacturer Holcim, Michael Rynne.

NCDEX –launching developing world's first CER trading platform
7 Apr 2008
National Commodity and Derivatives Exchange Ltd, of India, will launch a futures contract for Certified Emission Reduction (CERs) on April 10.

ECX and EEX price trading histories
7 Apr 2008
A 2008 emission unit contract on the European Climate Exchange is historically trading at eu21.73, and US$5.20 on the Chicago Climate Exchange.

CarboNZero hits the big time
4 Apr 2008
Pioneering New Zealand carbon footprint measurer carboNZero has gone international by tying up a measurement, management and certification partnership with a British company that boasts 30,000 clients in 23 countries.
Nine major ETS risks indetified in UK report
4 Apr 2008
The UK Financial Services Authority's Commodities Group published a summary of their perspective of the emissions trading market.

MF Global Energy Weekly CDM & VER Markets Commentary
4 Apr 2008
MF Global Energy Weekly CDM & VER Markets Commentary, 22nd – 28th March 2008.

Carbon scams and wild west standards ‘put commodity markets at risk’
3 Apr 2008
The fast-growing carbon emissions market is posing risks to other global commodity markets, especially electricity and gas, according to the United Kingdom’s Financial Services Authority.
Emissions rise from factories and power stations in EU ETS
3 Apr 2008
Carbon dioxide (CO2) emissions from factories and power stations in the EU emissions Trading Scheme (EU ETS) rose slightly in 2007 compared with 2006, according to initial – and incomplete – data published yesterday by the European Commission today.
Merrill Lynch launches new global carbon emissions indicies
2 Apr 2008
Merrill Lynch Global Research has introduced a new global emissions benchmark, the MLCX Global CO2 Emissions Index, which is designed to provide investors with a clear and balanced insight into the rapidly growing global CO2 emissions market.
Ground-breaking Swiss-NZ transfer of CERs
1 Apr 2008
A New Zealand carbon trading company and a Swiss developer of carbon assets have achieved a global first by transferring a tranche of secondary market carbon emissions reduction (CER) units between their respective national registries.
Ex KPMG parnters launch certification company in New Zealand Market
1 Apr 2008
An alleged inability of many of New Zealand's primary industries to provide independent information about their business practices is behind the London-based GoodCorporation's anno8uncement yesterday that it will launch in this market.
ECX enjoys one-day record 5.4m tonnes of EUA and CER trading
1 Apr 2008
The European Climate Exchange (ECX) has recorded its biggest day of screen-based trading volume, with 5,421,000 tonnes of EUAs and CERs traded on the ICE platform.
Law firm launches new CDM rulebook
1 Apr 2008
Global law firm Baker & McKenzie's Global Climate Change practice has launched a CDM Rulebook website.

London Brokers plan price data charges
27 Mar 2008
The London Energy Brokers' Association (LEBA) has told Carbon News it will start charging for its market trade data within about two weeks.

First Green Exchange trade features 1000 CERs in 25 futures contracts
26 Mar 2008
Vitol SA, one of the world's largest energy trading firms, and an affiliate of RNK Capital LLC, a private energy and environmental markets investment firm, says the firms have completed the first-ever trade on The Green Exchange™.

New network launches to accelerate climate change investments
26 Mar 2008
Yesterday saw the official launch of a global network mobilizing and accelerating investments to tackle climate change at http://www.climatecapital.net (http://www.climatecapital.net/).

Kiwi ETS start-up market so small - traders will go international immediately
25 Mar 2008
New Zealand’s carbon trading volume and price will not be affected by the domestic market when the country’s emissions trading system officially opens later this year.

BNZ’s Alexander on NZ ETS: “We’ve got to pull finger”
20 Mar 2008
New Zealand needs to “pull its finger out” on an emissions trading scheme (ETS) before it’s overtaken by Australia, or the Europeans start using theirs as a trade barrier.

Trillion-dollar carbon market targeted
20 Mar 2008
A company that valued the global carbon market at more than a trillion US dollars has leapt into the business of attracting capital flow to ventures mitigating greenhouse gases (GHG) around the world.

Official timetable for introducing Australia's ETS
20 Mar 2008
Here is the official timetable for developing and introducing Australia's greenhouse gas cap and trade scheme.

TZ1 trading platform ready, registry launches April
18 Mar 2008
NZX carbon trading subsidiary chief executive Mark Franklin says TZ1’s market platform is ready to operate.

Bottles now included in 'carbon neutral' winery certificate
18 Mar 2008
Bottles are included for the first time this year in the footprint inventory of the world’s first certified carbon-neutral winemaker, Grove Mill.
FRANKLIN SPECIAL INTERVIEW: US well down the climate track
18 Mar 2008
Climate change hold-out the United States might not rush to follow Australia into ratifying the Kyoto Protocol, but behind the scenes it’s moving quickly to legislate for something similar.

Tui gas flaring likely to be costly
18 Mar 2008
The consortium behind the Tui oilfield off the Taranaki coast is bracing itself for the carbon bill from its flaring of up to 500,000m3 a day of unusable gas when the emissions trading bill presently before Parliament is passed.

Renewables credits find ready markets
17 Mar 2008
Electricity generator Trustpower is finding ready markets for the carbon credits earned by its Tararua windfarms but the proceeds will do nothing to insulate consumers from rising power prices.

New OTC contracts launched
17 Mar 2008
LCH.Clearnet and the London Energy Brokers’ Association (LEBA) on February 29 launched their OTC cleared Carbon EUA and CER contracts.

First climate change futures exchange going live in Canda
17 Mar 2008
The Montreal Climate Exchange (MCeX), a joint venture of the Montreal Exchange (MX) and the Chicago Climate Exchange(R) (CCX), announced it plans to launch trading of futures contracts on Canada carbon dioxide equivalent (CO2e) units on May 30, 2008, subject to regulatory approval.