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(CLE.L) Climate Exchange PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 18-11-09 | AFX UK Focus |
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BERLIN, Nov 18 (Reuters) - Leipzig power exchange EEX beat other European exchanges to win a contract to auction Germany's carbon dioxide emissions (CO2) certificates as of next year, the bourse and environment ministry said on Wednesday.
(Reporting by Markus Wacket and Vera Eckert; editing by James Jukwey and Sue Thomas) Keywords: GERMANY CARBON/AUCTION (vera.eckert@reuters.com; +49 69 7565 1228; Reuters Messaging: vera.eckert.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 18-11-09 | AFX UK Focus |
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BERLIN, Nov 18 (Reuters) - Leipzig power exchange EEX beat other European exchanges to win a contract to auction Germany's carbon dioxide emissions (CO2) certificates as of next year, government and industry sources told Reuters on Wednesday.
(Reporting by Markus Wacket and Vera Eckert; editing by James Jukwey) Keywords: GERMANY CARBON/AUCTION (vera.eckert@reuters.com; +49 69 7565 1228; Reuters Messaging: vera.eckert.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 04-11-09 | RNS |
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RNS Number : 9025B Climate Exchange PLC 04 November 2009
Press release 4 November 2009
CLIMATE EXCHANGE PLC Monthly Trading Update for the European Climate Exchange, the Chicago Climate Exchange and the Chicago Climate Futures Exchange Climate Exchange plc, below outlines the trading volumes for the month of October 2009 for the European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Market Highlights
Total ECX Products (Contracts*)
ECX EUA Futures Contract
ECX EUA Options Contract
Open Interest 205,994 112,820 82.6% ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
ECX CER Futures Contract (launched 14 March 2008)
Open Interest 136,817 104,717 30.7% ECX CER Options Contract (launched 16 May 2008)
Open Interest 92,789 44,800 107.1% ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
CCX CFI (Contracts)
CCFE (Contracts) Total CCFE Products
CCFE SFI and NFI Futures & Options Contracts
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
Other CCFE Products including IFEX
For breakdown of daily trades, please refer to websites as follows:
Richard Sandor, Executive Chairman of Climate Exchange plc, said: "As the U.S. Congress moves forward with consideration of a federal climate law and policymakers internationally work toward progress in Copenhagen, we see building interest in carbon markets as a tool for addressing climate change." Neil Eckert, Chief Executive Officer of Climate Exchange plc, said: "This represents another month of solid progress both at ECX and CCFE. We now enter a critical phase where the spotlight will be Carbon markets during the run up to Copenhagen" Contact
& CEO Chicago Climate Exchange
Limited
07813 808 738
About Climate Exchange plc Climate Exchange plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. Its three main businesses are the European Climate Exchange (ECX) which operates the leading derivatives exchange focused on compliance certificates for the mandatory European Emissions Trading Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but contractually binding cap and trade system for greenhouse gas emissions in the U.S., and the Chicago Climate Futures Exchange (CCFE) the leading U.S. regulated environmental products exchange whose contracts include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2. www.climateexchange.com About European Climate Exchange The European Climate Exchange (ECX) manages product development and marketing of futures, options and spot contracts based on CO2 EU allowances (EUAs) traded under the EU Emissions Trading Scheme and Certified Emission Reductions (CERs) issued under the Kyoto Protocol. ECX contracts are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading alongside other energy commodities with standardised contracts and clearing guarantees. ECX/ ICE Futures is the most liquid Exchange for carbon derivatives trading. More than 100 businesses have signed up for direct membership to trade ECX products. In addition, several thousand ICE clients can access the market via banks and brokers. www.ecx.eu About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange Chicago Climate Exchange (CCX) is a financial services business whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only contractually binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Greenhouse gas emission reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. Independent third party verification is provided by FINRA. For a full list of CCX members, daily prices and other Exchange information please see the CCX website. The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures contracts on emission allowances and other environmental products. Clearing services are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association, the industry wide, self-regulatory organization for the U.S. futures industry. www.chicagoclimateexchange.com www.ccfe.com <HR>--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange END
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| 26-10-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 3923B
Climate Exchange PLC
26 October 2009
26 October 2009
CLIMATE EXCHANGE PLC
Posting of Interim Results
Climate Exchange plc has posted its Interim Report for the six months ended 30 June 2009 to shareholders today. The document is available from the Company's website, www.climateexchangeplc.com.
Contact
Cynthia Edwards, IOMA Fund & Investment Management Ltd 016 2468 1250
Jonny Franklin-Adams, Fox Pitt, Kelton 020 7663 6029
Simon Law, Fox Pitt, Kelton 020 7663 6023
About Climate Exchange plc
Climate Exchange plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. Its three main businesses are the European Climate Exchange (ECX) which operates the leading derivatives exchange focused on compliance certificates for the mandatory European Emissions Trading Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but contractually binding cap and trade system for greenhouse gas emissions in the U.S., and the Chicago Climate Futures Exchange (CCFE) the leading U.S. regulated environmental products exchange whose contracts include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2.
www.climateexchange.com
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and marketing of emissions futures and options contracts on CO2 EU allowances (EUAs) traded under the EU Emissions Trading Scheme and Certified Emission Reductions (CERs) issued under the Kyoto Protocol.
ECX emissions products are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading in Europe with standard contracts and clearing guarantees. ECX/ICE Futures is the most liquid exchange for carbon emissions trading with more than 100 members.
www.ecx.eu
About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange
The Chicago Climate Exchange (CCX) is a financial services business whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only contractually binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Greenhouse gas emission reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. Independent third party verification is provided by FINRA. For a full list of CCX members, daily prices and other Exchange information please see the CCX website.
The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures contracts on emission allowances and other environmental products. Clearing services are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association, the industry wide, self-regulatory organization for the U.S. futures industry.
www.chicagoclimateexchange.com
www.ccfe.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 04-10-09 | ||||
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From: http://www.wbcsd.org/plugins/DocSearch/details.asp?type=DocDet&ObjectId=MzU4NTA
Regulating greenhouse gases The Economist, October 3, 2009 - Regulating greenhouse gases If Congress won't legislate? OVER the past few days, America has moved towards a federal system for regulating its carbon emissions in three ways. First, several big companies have broken with trade associations that oppose the cap-and-trade bill now in the Senate. Second, the bill has moved a stage further towards becoming law. Third, and most important, the Environmental Protection Agency (EPA) has announced that if Congress won't legislate to cut greenhouse gases, it will regulate anyway. America's powerful trade associations, who lobby politicians on their members' behalf, are split as never before over the Waxman-Markey bill to cap greenhouse-gas emissions. Some of their members take the traditional view that all regulation is bad. Others reckon that capping carbon emissions is essential. (They tend to be companies which are not heavy emitters—either power utilities with more nuclear and gas than coal-fired plants, or service or light-manufacturing companies.) Three big energy utilities—PG&E, PNM and Exelon—have bolted from the us Chamber of Commerce, which lobbies for American businesses and has opposed cap-and-trade. Nike, a big sportswear company, has resigned from the Chamber of Commerce board. With the bill struggling to pass the Senate, the support of influential companies will give it a boost. In a second step towards carbon controls, the Senate has published its own version of Waxman-Markey. The Kerry-Boxer bill is more ambitious, requiring a 20% reduction in greenhouse-gas emissions by 2020 over 2005, rather than the 17% proposed in the House bill. But plenty of detail remains to be filled in as to how this might be achieved. Suggestions and contributions will not be lacking: six Senate committees have an interest in the bill. With most Republicans and many Democrats from coal and heavy-industry states hostile to it, and those Republicans who have previously supported caps sitting on the fence, the bill will have a tough passage. The third step towards emissions cuts came from the EPA. A Supreme Court decision earlier this year required the agency, once it had established that carbon dioxide was a pollutant, to start regulating emissions from vehicles. Now the administration has authorised the EPA to start regulating gases from stationary sources too—power stations and industry, the origin of most emissions and the backbone of the American economy. The proposed rules, which would take effect in 2011, will focus on the country's biggest power stations and require them to prove that they have employed the best available technologies, or face penalties for not doing so. According to Lisa Jackson, the EPA's head, "We have the tools and the technology to move forward today, and we are using them." The EPA will start with facilities emitting more than 25,000 tonnes of carbon dioxide a year. Ms Jackson maintains that she is not, as her critics claim, going to regulate "every cow and Dunkin' Donuts". The administration has been holding the threat of EPA regulation over Congress: if you don't legislate, the message goes, we regulate. Businesses by and large prefer the thought of a cap-and-trade system to the idea of government regulators nosing around their plants and telling them which technologies to use. The Chamber of Commerce and the National Association of Manufacturers have threatened to sue the EPA if it goes down this route. But the administration hopes matters will not get to that point, and that the EPA's announcement will help push the Senate into passing a bill. The announcement has another purpose, too. The administration was concerned that, if a bill were not passed before the climate conference in Copenhagen in December, America would look bad and the chances of getting a global agreement on cutting c . . . Read Full Message More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 30-09-09 |
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Nice summary from www.poweralternatives.com...
Climate Exchange Is Highly Geared To The Creation Of A US Cap-And-Trade Scheme By Rue Swabey Aim-traded Climate Exchange is well positioned to benefit if the US creates a mandatory cap-and-trade scheme for carbon, whereby the amount of pollution a company can generate is capped at a level determined by the amount of emissions certificates it has bought through trading on a given market. Climate Exchange owns companies that own, operate, and develop exchanges which facilitate trading in such environmental financial instruments, including emissions reductions. The company has two main operating businesses: the Chicago Climate Exchange (CCX), a legally binding, but voluntary, cap-and-trade scheme in the US, and the European Climate Exchange (ECX), which operates an exchange that trades compliance certificates for the mandatory European Union Emissions Trading Scheme (EU ETS). Unlike carbon brokers and originators such as Camco and Trading Emissions, Climate Exchange does not depend on the carbon price, as it earns a commission for each tonne of carbon traded on its exchanges regardless of the price. The EU ETS, which was established in 2005, has quickly evolved into a commodity market where traded volumes are now greater than the underlying assets. In the first quarter of this year 1,927 million tonnes of carbon were traded, representing an increase of 128 per cent compared to the same period a year ago. In monetary terms this represents US$28 billion. New Carbon Finance, a London-based consultancy, estimates that if the US introduces a mandatory cap-and-trade scheme, the global carbon market could be worth US$2.1 trillion per year by 2020. Although the EU ETS has achieved scale quickly, it is still not clear that it is achieving its objective of reducing carbon emissions. Today carbon trades at around €14 per tonne, significantly below the estimated cost of abatement of €35 to €40. The cause? – a combination of recession and lobbying has led to an over-allocation of permits to emit carbon, resulting in the current low price. However, politicians are unlikely to bury the scheme, given the momentum it has acquired and the lack of palatable alternatives. But the perceived success of the European carbon market has been influential in persuading US legislators to vote in favour on a mandatory cap-and-trade scheme of their own. New legislation, narrowly-passed by the US House of Representatives in June, sets a target of an 83 per cent reduction in US emissions by 2050 and calls for the creation of a mandatory cap-and-trade scheme to help achieve it. The bill still requires Senate approval. However, in a sign of what might be to come, corporate America has been trading carbon for a few years on a voluntary basis in anticipation of such a scheme becoming mandatory. Neil Eckert, the chief executive of Climate Exchange, is upbeat on the company’s prospects in the US, which he refers to as the new battle ground. Although Climate Exchange has dominant market shares in both the US and Europe, the company’s management is aware that competition will be fierce when, and if, the US goes mandatory. Climate Exchange’s competitors include Paris-based BlueNext, which has been making inroads in the carbon spot market. However, the US-based Green Exchange, which was launched in 2008, has thus far failed to make a dent in Climate Exchange’s market share and is now being “re-launched”. Although the US will be the big market, Climate Exchange is involved in developing exchanges in China, Canada and Australia. In June IntercontinentalExchange (ICE), which provides the trading platform for Climate Exchange’s ECX, confirmed that it had taken a 4.8 per cent stake in Climate Exchange itself. That news lead to a 17 per cent in the share price, amidst speculation that Climate Exchange could become a takeover candidate. The share price has been volatile rising from the 2003 float price o . . . Read Full Message More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 29-09-09 | ||||
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Seems to be testing support at 800p which it touched back at the end of July. Might be an interesting time to get in although with the market potentially heading for a move downwards (increasingly concerned that October is going to be a *bad* month) could see this broken and then potential stops at 780p, 740p and then 700p.
Good medium to long-term play with positives being a move to profit-making and potential future carbon trading. Latest update in the IC was quite positive and the sp has come down since then. What do others think? Gem More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 16-09-09 | ||||
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Interim surge at Climate Exchange
http://www.growthcompany.co.uk/news/1073697/interim-surge-at-climate-exchange.thtml More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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