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First climate change futures exchange going live in Canda

Monday 17 Mar 08 9:00am

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.

President and CEO of MX and chair of MCeX Luc Bertrand said: "MCeX is moving quickly to launch the first exchange-traded carbon futures contract in Canada. We are enthusiastic about creating this new derivatives market and about the launch of trading."

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Related Topics: Emissions trading | Energy

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