Australian Securities Exchange (ASX) will introduce a
futures market for emissions permits after the Australian
government finalises its promised emissions trading scheme
(ETS). It will also explore the possibility of an OTC clearing
business for emissions.
Although no timescale has been placed on the scheme's
launch, ASX has welcomed the government's commitment to its
introduction saying that a futures market for the trading of
permits is "key to the success" of the project. Robert Elstone,
ASX's MD and CEO, said his firm "will be in a position to
facilitate emissions trading at the earliest opportunity"
subsequent to the ETS's introduction.
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