Monday, 22 September 2014
Last updated 2 days 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.