Australia commits to emissions trading – ASX to launch futures
Following yesterday’s commitment by Australian Prime Minister John Howard to a domestic emissions trading scheme before 2012, the Australian Securities Exchange (ASX) plans to launch a carbon futures market.
A company statement said the exchange anticipates that it will be able to introduce a futures market for emissions, prior to the issuance of emission permits, in order to help industry participants manage risk.
“Australia’s highly developed financial markets are well placed to provide the necessary infrastructure to facilitate both exchange-traded and over-the-counter markets support for an ETS,” says Robert Elstone, ASX managing director and CEO.
ASX says a futures market for emission permits
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