First 2nd phase EUAs traded on Climex

On Friday 29 February 2008, the first European Allowances (EUAs) for the second Phase were traded in a cleared spot transaction on Climex. A total of 1,000 tonnes were traded against a price of 21.10 Euros per tonne. The trade was cleared by APX BV, the central counterparty of Climex.

“We announced already last week that Climex is ready to trade spot contracts for first phase EUAs, second phase EUAs and Certified Emissions Reductions, we are therefore very happy that second phase EUAs were traded on Climex when the first opportunity presented itself,” Axel Posthumus, CEO of Climex, said. “It’s good that our participants have the possibility to trade second phase EUAs and CERs on one screen and now have a clear overview of the EUA - CER swap market”