emissions trading

emissions trading

Energy trader acquires London-based Climate Exchange plc

A major US-based energy and futures trader has acquired Climate Exchange plc, which trades in the emissions of greenhouse gases, for £395 million. IntercontinentalExchange (ICE), headquartered in Atlanta, operates marketplaces that trade in energy and commodity futures and other financial products. Led by Richard Sandor, the London-based Climate Exchange operates

emissions trading

Expect sharp increases in carbon, electricity prices

The price of carbon dioxide allowances could increase sevenfold between now and 2020 if the EU is to meet its goal of reducing carbon emissions by 30 percent over 1990 levels, according to a report from energy/environment analyst firm ICF International. “EU ETS (emissions trading system) participants should look