Bluenext announces deal with Chinese exchange

NYSE's Bluenext and the China-Beijing Environmental Exchange (CBEEX) have signed an agreement to set up an international information platform for Clean Development Mechanism (CDM) projects.

Under the terms of the agreement, CBEEX will give Bluenext access to its database of CDM projects based in China. Although a date for this to go live has not been confirmed yet, Keiron Allen, marketing and communications director at Bluenext said it would be available on Bluenext's website in the near future. He said the deal would allow the organisations to provide information on projects in China to investors based around the globe and would also tie in with Bluenext's long-term aim to set up an international carbon trading exchange in China.

Serge Harry, chief executive officer at Bluenext, added: "This is another step in our wish to expand our market into the great potential that is China, and the rest of Asia; but also another step in our long-held ambition to be the reference point for a single international price for carbon."

More than 24 million tonnes of Certified Emissions Reductions (CERs) have been traded on the Paris-based Bluenext exchange since its launch in August 2008. CBEEX was established in August 2008 as the first state-level environmental rights and interests trading platform in China.