Climex News Update

Buyer seeking 180,000 VERs in Purchase Auction

Tue, 27 Jul 2010 09:45:33 +0100

Climex found a Buyer who is looking to buy at least 180,000 issued Verified Emission Reduction credits (VERs) and if the price is interesting enough, the purchase volume can rise up to around 220,000 VERs.

Russia approves first JI projects

Mon, 26 Jul 2010 11:36:17 +0100

Russia today gave the green light to 15 projects to earn carbon credits under the Kyoto protocol.

Buyer is seeking at least 180,000 VERs in Purchase Auction

Tue, 20 Jul 2010 13:26:38 +0100

Again, Climex will be organising a purchase auction for VERs. Buyer will be a Dutch bank who has contracted Climex before to purchase their VERs at auction. The VERs are acquired for internal offsetting purposes.

EU Member States agree on auction rules as of 2013

Tue, 20 Jul 2010 10:46:20 +0100

On 14 July 2010, the EU Member States unanimously agreed on detailed rules for auctioning most of their carbon permits after 2012, when the next phase of trading starts under the EU Emissions Trading Scheme (EU ETS) For the aviation sector it will commence in 2012.

Invitation for supply of grid losses 2011

Mon, 19 Jul 2010 15:29:32 +0100

TenneT intends to launch the tendering of electricity supply for the compensation of grid losses in August 2010. The tendering is to be effected through multiple auctions at EnergieKeuze.nl.

Renewable VCUs Successfully Transacted at Climex Auction at � 0.85

Mon, 19 Jul 2010 15:27:49 +0100

On 3 june 40,000 VCUs (Voluntary Carbon Units) were transacted at a price of � 0.85 in a
�reversed� auction on the Climex Auction Platform.

New Website Climex Energy Auction

Mon, 19 Jul 2010 15:23:51 +0100

In May, Climex Energy Auction launched their new website. The site has been set up to give a simple and clear overview of the products and services on offer.

Talks with APX-ENDEX to become a shareholder in Climex

Mon, 19 Jul 2010 15:22:33 +0100

On 27 May TenneT and Rabobank have reached an agreement stating TenneT�s shares in Climex may well be moved to gas and power exchange APX-ENDEX and APX-ENDEX becoming a shareholder in Climex.

Climex/APX-ENDEX win Dutch Auction Tender

Mon, 19 Jul 2010 11:30:39 +0100

The Dutch Ministries of Housing, Spatial planning and the Environment (VROM) and Economic Affairs (EZ) issued a tender to auction 4 million Emission Allowances over two auctions.

UK needs to invest more in low-carbon technologies

Mon, 19 Jul 2010 11:27:19 +0100

Britain needs to invest more in low-carbon technologies to reach its goal of cutting harmful greenhouse gas emissions by 80 percent by 2050, a climate advisory body to the government said on Monday

LONDON, July 14 (Reuters) - EU carbon edged up on Wednesday after falling as low as 13.75 euros, down 11 percent from last week's high and a new three-month low, as utility buyers remained quiet.

Wed, 14 Jul 2010 11:10:54 +0100

EU Allowance futures for December delivery were trading at 13.92 euros a tonne at 0740 GMT, up 0.5 percent or 7 cents. Dec-10 CERs were up 17 cents on the European Climate Exchange, at 11.89 euros a tonne, making the EUA-CER spread 2.03 euros.

European carbon prices stabilized above 14 euros a tonne early Tuesday, trading in a narrow range a day after permit prices fell by four percent.

Tue, 13 Jul 2010 11:40:11 +0100

EU Allowance futures for December delivery opened slightly weaker and quickly traded down to a key technical support level of 14 euros a tonne, the lowest since April 16 and down 7 cents from Monday's close.

Deutsche Bank Warned of CO2 Tax Probe Raids, Prosecutor Says

Tue, 06 Jul 2010 10:19:26 +0100

July 3 (Bloomberg) -- Deutsche Bank AG employees, who are suspects in a nationwide probe over possible tax evasion linked to trading of emissions allowances, were warned beforehand about a raid in the case, a prosecutor said.

Shell CEO Calls for Global Carbon Market to �Level� the Field

Fri, 02 Jul 2010 10:28:17 +0100

July 1 (Bloomberg) -- Royal Dutch Shell Plc�s chief executive officer called on lawmakers and investors to move toward a global carbon market and a �level playing field� in the fight against climate change.

Inside Carbon

Thu, 01 Jul 2010 10:00:54 +0100

LONDON, July 1 (Reuters) - European carbon fell by nearly one percent on light volume in early trading on Thursday, pulled lower by falling crude oil prices and worsening macroeconomic sentiment, traders said.
Benchmark CER futures were also slightly weaker, losing a penny to trade at 13 euros.