A. Transfer
1
The transfer of permits is referred to as a trade. The transfer can be the same as trade in the sense that the allowances are being exchanged in a public market by private buyers and sellers. Anyone who can improve their production scale by reducing the greenhouse gas emissions can benefit from selling the surplus allowances in market at a price gaining from arbitrage.
B. Market places
2
Climate exchanges have been established to provide a spot market in allowances, as well as futures and options market to help discover a market price and maintain liquidity.
3
Currently there are six exchanges trading in carbon allowances: the Chicago Climate Exchange (till 2010), European Climate Exchange, NASDAQ OMX Commodities Europe, PowerNext, Commodity Exchange Bratislava and the European Energy Exchange.
Publikationsvermerk
Verantwortlich:
Autoren: Lascombes De Laroussilhe, Christophe; Parra, Camila; Odishoo, Ramina; Pavez Galvez, Daniela; Oganesova, Anna
Stand der Bearbeitung: J.K. check 0: temp. & footnotes (18.03.2012)
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