Bluenext: A world-wide carbon trading market
NYSE-Euronext, the company that manages the NY Market Exchange, as well as some European markets and French savings bank Caisse des Depots, have announced Bluenext. It's a carbon rights trading scheme which labels itself as "the global environmental exchange," although they define themselves as able to trade any environmental product. Basically, they try to be like the stock market but for CO2 rights.
Bluenext currently manages a CO2 emission rights spot which is the leader in Europe. The company also plans to open a credit and stock options trading system, as soon as Euronext and Caisse des Depots finish linking their international interconnection systems.
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[Source: Agencia EFE]
Reader Comments (Page 1 of 1)
Chris 1:12PM (1/27/2008)
Disclaimer: I'm not an environmentalist or a green (I read this blog because I drive too far to work and want a high mileage or zero gas alternative, and I'm tired of sending all our money to parts of the world that hate us). But doesn't all this "carbon trading" sound like the biggest scam ever? You're basically saying "I can't cut emissions enough, so I'll just keep polluting, but buy a paper that says it's 'OK'". Not to mention the enormous potential for abuse.
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TG 1:32PM (1/27/2008)
Chris,
Well said. I will second that. There is a carbon trader. .. Gemco, here on Vancouver Island BC Canada.
Seems odd that it is located in a penthouse luxury part of Victoria. I can just imagine an expert options trader doing slight of hand trickery with huge income potential.
Thoughts like UN Oil for Food scandal comes to mind. Sorry, my scepticism.
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O/T but my attempt to save a life . . .
Daily driving for 40 years and more in congested Vancouver , the Fraser valley, Victoria, and up and down Vancouver Island, WITHOUT an accident. Except for one where I could not move ahead to escape a drunk driver through his stop sign to my rear fender.. $500.
Most important habits to avoid crashes.:
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Following distances: Don*t run up on my bumper because you think there is too much space between me and the guy ahead. That is my safety zone and it keeps you out of my trunk if I have to cut speed for something up ahead. [ Don*t be hot headed please.]
Always follow a truck or van farther back so you can see what is shaping up in front of that vehicle. Focus one and two blocks ahead, not on the bumper in front of you. [ Don*t lose your temper, please.]
That*s it kids. Not a very long list at all. . . Eh? Problem is, you can not do the above because one has to talk these ideas to oneself until they become habit.
If you are in the habit of letting yourself get steamed and emotional, stomping on the gas, flashing your brights to the driver ahead because YOU THINK he has TOO MUCH room in front of him, then you are still an infant .
These words do not offend wise and mature drivers. Are you offended? If the shoe . . = TG
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TG 2:04PM (1/27/2008)
Ooops! That is;
http://gemco.org/
=TG
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