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GreenX Plans 2013 CER Contract In Feb

CME Group’s Green Exchange is seeking to roll out a post-2012 contract for United Nations-backed carbon credits next month.

CME Group’s Green Exchange (GreenX) is seeking to roll out a post-2012 contract for United Nations-backed carbon credits next month, Reuters reports. The exchange’s new contract will be separate from its existing certified emissions reductions (CER) contracts.

In 2010, the European Commission proposed to curb the use of CERs from certain industrial gas projects in the European Union Emissions Trading Scheme from Jan. 1, 2013. ICE Futures Europe is the only bourse currently offering a post-2012 CER contract, which is for delivery in March 2013.

Click here for the story from Reuters.

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