Montreal Climate Exchange Set To Start On May 30

摘要

The Montreal Climate Exchange (MCeX) plans to launch trading in carbon dioxide equivalent units on May 30. Start-up for the joint venture of the Montreal Exchange (MX) and the Chicago Climate Exchange (CCX) is subject to regulatory approval. The MCeX partners initially announced the plan in July 2007 based upon an assessment of the federal government air emissions policy released in April last year and following detailed consultations with potential market participants, including large industrial emitters.rnThe MCeX set the launch date after the federal government announced further details of its greenhouse gas (GHG) emissions regulations, including targets for intensity-based reductions and offsets.rnThe MX filed to the Autorite des marches financiers (AMF) for approval for trading environmental products on the MCeX's SOLA platform.