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Solar Energy Conversion Process: Light and Heat

The scientific struggle to increase the efficiency in which renewable energy is used and then reused has proven to be a daunting task. Large wind farms and fields of solar panels are commonly used to generate energy through solar radiation. Congruently, investors are having a troublesome time competing with traditional oil and electric suppliers.

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Supply fears hit UN carbon credits

FT, 6 Sep 2010

Uncertainty about the supply of UN-issued carbon credits has led to their price hitting a four-month high. Certified Emission Reductions (CERs) have surged on international carbon markets in recent weeks after a UN board acted over concerns that chemical plants in China and elsewhere in the developing world were deliberately overproducing HFC 23, a potent greenhouse gas, in order to claim the saleable credits for subsequently destroying it.

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A carbon border tax can curb climate change

FT, 6 Sep 2010

As global growth picks up after the economic crisis, carbon emissions are going back up too. With China and India back on track to double their gross domestic product every decade, and with coal providing nearly 30 per cent of global energy, the chances of stabilising and reducing emissions are low. Indeed, little progress has been made in the last two decades. Only recessions lower emissions – and then only for a short time.
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Low-carbon market to treble by 2020 - HSBC

Reuters, 6 Sep 2010

The world's low-carbon energy market is likely to treble by 2020, HSBC analysts forecast on Monday, saying that rising concerns about resource scarcity would support broad consensus on the threat of climate change.
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Novacem: Cement That Eats Carbon

Bloomberg, 3 Sep 2010

The construction materials industry emits gobs of carbon dioxide, but a British startup has devised a new cement that absorbs and stores CO2 when it's produced
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CFTC Approves Green Exchange Application For Designation As A Contract Market

26/07/2010 by MONDOVISIONE

Green Exchange LLC (Green Exchange) announced today that its application for designation as a contract market (DCM) has been approved by the US Commodity Futures Trading Commission (CFTC). The Green Exchange filed its DCM application on April 26, 2010.

In its capacity as a registered DCM, the Green Exchange will operate as an independent derivatives exchange, enabling it to list contracts for trading subject to its own Rules. The environmental suite of products associated with the Green Exchange currently is listed for trading by NYMEX. The Green Exchange and NYMEX are cooperating to develop a timeframe for transferring the contracts from NYMEX to Green Exchange. The Green Exchange will continue to utilize CME’s proprietary technology to offer a low-cost, rapid, and reliable match engine via CME Globex® and OTC clearing services offered through CME's ClearPort® OTC clearing facility, which allow real-time trade confirmations and straight-through processing once a contract is cleared.

"With the CFTC’s approval of Green Exchange’s DCM application, we are one step closer to providing an independent, secure and competitive offering to the carbon marketplace. It will allow us to list contracts for trading tailored to the specifications of the environmental markets already trading in Europe and those existing and forming in North America,” said Green Exchange Chief Regulatory Officer and General Counsel, Kari Larsen.

Market participants will be able to continue to access the environmental futures and options contracts through their CME-approved Independent Software Providers (Approved ISVs) that currently have connectivity with CME Globex for screen trading and CME's ClearPort OTC clearing facility.

In addition, traders of these products will benefit from the customer protection of the central counterparty clearing services of CME's Clearing House which can draw on over US$9 billion from its Financial Safeguards Package. These environmental products will continue to be cleared through CME Clearing when transferred to being listed on the Green Exchange for trading.

The Green Exchange environmental suite of futures and options contracts is currently eligible for a fee holiday (trading and clearing fees) until August 31, 2010.

The environmental futures and options contracts that are currently listed for trading on the NYMEX trading platform and cleared through CME Clearing which are to be migrated to the Green Exchange platform include: EUA, CER, CAR, RGGI, NOx and SO2 futures and options emissions allowances.

For more information on how to gain visibility to prices, to access the ClearPort OTC Clearing, or to apply to become a Green Exchange Participant or Clearing Member, please contact the Green Exchange directly.

Copyright 2010 MondoVisione

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