Wednesday, 20 August 2014
Last updated 9 hours ago
Feb 9 2009 | 9:41am ET
Carbon broker Newedge Australia on Friday announced the country’s largest carbon trade to date – 50,000 tonnes sold forward at A$21.00 ($13.64) per tonne.
The broker did not name the parties involved in the trade.
The transaction in Australian Emission Units (AEU) was for settlement on November 1, 2011, making it the first transaction for 2011 settlement under Australia’s proposed cap-and-trade carbon emissions trading scheme, to be introduced mid-2010. An AEU is the basic unit that can be traded under the scheme.
The Australian government announced in December it would allow companies to import unlimited Certified Emissions Reductions (CERs) to offset greenhouse gas emissions. CERs are issued by the executive board of the Clean Development Mechanism (CDM) for emissions reductions achieved via CDM projects under the rules of the Kyoto Protocol.
CER prices have lost about 60% in the past six months, as production cuts by polluters have reduced demand for carbon credits to offset emissions.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note