Global Offset Experts: CME Group’s Green Exchange announces new 2013 carbon contract.

Jan. 25, 2011 - PRLog -- Global Offset Experts sources report that the new contract will assist traders with pricing a policy shift which has streamlined the eligibility of certified emissions reductions (CERS) which may be used in the EU’s emissions trading scheme, the largest market of its sort in the world.

The European Commission confirmed recently that as of April 30 2013 it intended banning CERs originating from big industrial projects in China and India which are responsible for the destruction of potent greenhouse gasses called hydroflourocarbon-23 (HFC-23) and nitrous oxide.

Due to an expected shortened supply the European Commission’s move is likely to see the price of CERs climb.

The Green Exchange has informed Global Offset Experts that its contract, to be called the CERplus Futures contract, would be available from February 27 of this year.


"The CERplus Futures contract introduces a new underlying unit of trade, called Relevant CERs, defined as CER units that will be deemed eligible for compliance purposes," the Green Exchange told Global Offset Experts in a recent statement.

Some traders have indicated that they are battling to interpret the price implications of the upcoming EU ban, and according to the statement the exchange was aiming to address that uncertainty with its new contract.

"The specifications of the CERplus product are robust yet flexible enough to correspond to any change in EU legislation," Henrik Hasselknippe, managing director for global product development at the Green Exchange told Global Offset Experts.

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