Climate Exchange, owner of two leading carbon trading exchanges, said volume at its European Climate Exchange subsidiary rose 171% in 2008, while its Chicago Climate Futures Exchange unit reported new daily and annual records as well.
Carbon trading at two of the main exchanges soared in 2008, as
the market continues its run-up to genuine international cap
and trade conditions in which carbon restrictions begin to
Climate Exchange, which owns the European Climate Exchange in
London and the Chicago Climate Exchange, reported record
results for both exchanges.
At ECX, where nearly all the exchange-based trading of European
carbon derivatives goes on, volume rose 171% in 2008 to 2.8m
contracts, from 1.03m contracts last year. Each contract
represents 1,000 metric tonnes of CO2.
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