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 CO 2 rights.

Bluenext currently manages a CO 2 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.

[Source: Agencia EFE]

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