The IntercontinentalExchange (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving, among other markets, global emissions markets through its ICE London-based ICE Futures Europe. ICE Future Europe provides trade execution, processing and clearing services for the over-the-counter (OTC) emissions markets and is the leading global marketplace for trading carbon dioxide (CO2) emissions.
ICE Futures Europe currently offers derivative contracts on three types of carbon units: ICE ECX EU allowances (EUAs), ICE ECX Certified Emission Reductions (CERs) and the world's first ICE ECX Emissions Reductions Units (ERUs). These emissions products were first traded in April 2005, with the launch of futures on EUAs. EUA options were listed the following year. Similar contracts on CERs were introduced in 2008, with Daily Futures (spot) contracts on both underlying products added in 2009. The latest launch of ERUs will provide price discovery and transparency for the ERU market, enabling market participants to manage their carbon price risk more efficiently with EUAs, CERs and ERUs on a single platform.
CO2 emissions trading volumes have experienced strong growth. In 2009 volumes surpassed 5 billion tonnes of CO2 and equivalent, and 2010 volumes passed the 5 billion tonne mark early in the second half. Over 100 global businesses are members for trading ICE ECX emissions products, in addition to the several thousand traders around the world with access to this market via clearing members and brokers.
Each ECX EUA futures contract represents one lot of 1,000 CO2 EU Allowances. Each EU Allowance being an entitlement to emit one tonne of carbon dioxide equivalent gas.
Each ECX CER futures represents one lot of one thousand (1,000) Certified Emission Reduction units (CER) to the extent such CERs are eligible, as of the time of delivery to the Clearing House, to be surrendered to a Competent Authority in exchange for an equal number of EUAs. CER Types not eligible for delivery include those generated by hydroelectric projects with a generating capacity
exceeding 20MW and nuclear facilities.
Each ECX ERU one lot of 1,000 Emission Reduction Units (ERU) (i.e. units issued pursuant to Article 6 of the Kyoto Protocol and the decisions adopted pursuant to the UNFCCC to the Kyoto Protocol with the exception of allowances generated by hydroelectric projects with a generating capacity exceeding 20MW, LULUCF activities and nuclear facilities). Each ERU being an entitlement to emit one tonne of carbon dioxide equivalent gas.
Below are links to the ICE's Chicago Climate Exchange information site and the 10 minute delayed prices of the ICE's ECX EUA, CER, and ERU contracts.
ICE: OTC Offsets Program
ICE Emissions Price Data
ICE Futures Europe currently offers derivative contracts on three types of carbon units: ICE ECX EU allowances (EUAs), ICE ECX Certified Emission Reductions (CERs) and the world's first ICE ECX Emissions Reductions Units (ERUs). These emissions products were first traded in April 2005, with the launch of futures on EUAs. EUA options were listed the following year. Similar contracts on CERs were introduced in 2008, with Daily Futures (spot) contracts on both underlying products added in 2009. The latest launch of ERUs will provide price discovery and transparency for the ERU market, enabling market participants to manage their carbon price risk more efficiently with EUAs, CERs and ERUs on a single platform.
CO2 emissions trading volumes have experienced strong growth. In 2009 volumes surpassed 5 billion tonnes of CO2 and equivalent, and 2010 volumes passed the 5 billion tonne mark early in the second half. Over 100 global businesses are members for trading ICE ECX emissions products, in addition to the several thousand traders around the world with access to this market via clearing members and brokers.
Each ECX EUA futures contract represents one lot of 1,000 CO2 EU Allowances. Each EU Allowance being an entitlement to emit one tonne of carbon dioxide equivalent gas.
Each ECX CER futures represents one lot of one thousand (1,000) Certified Emission Reduction units (CER) to the extent such CERs are eligible, as of the time of delivery to the Clearing House, to be surrendered to a Competent Authority in exchange for an equal number of EUAs. CER Types not eligible for delivery include those generated by hydroelectric projects with a generating capacity
exceeding 20MW and nuclear facilities.
Each ECX ERU one lot of 1,000 Emission Reduction Units (ERU) (i.e. units issued pursuant to Article 6 of the Kyoto Protocol and the decisions adopted pursuant to the UNFCCC to the Kyoto Protocol with the exception of allowances generated by hydroelectric projects with a generating capacity exceeding 20MW, LULUCF activities and nuclear facilities). Each ERU being an entitlement to emit one tonne of carbon dioxide equivalent gas.
Below are links to the ICE's Chicago Climate Exchange information site and the 10 minute delayed prices of the ICE's ECX EUA, CER, and ERU contracts.
ICE: OTC Offsets Program
ICE Emissions Price Data
No comments:
Post a Comment