Too Many Exchange Changes

Over the last few weeks the market has seen a few more developments that should be affecting the trading of EUAs and yet, they are not... affecting it much.

For example the IPE/ECX is supposedly up and running but no major inroads have been gained in volume there. But that seems a heck of a lot better than the poor retarding sister, the EEX in Leipzig. What do they have, a few hundred?

And then there is Nordpool with their really annoying set up, credit, banking controls. Just go see EDF and avoid the exchange altogether.

I am guessing that these two suffer from being GUD, or Geographically Un Desireable. Mostly because while there might be the odd dealer at Shell or Accord that wants to trade there and take advantage of some Arbitrage opportunity, none of these arbitrageur-wannabees is willing to shout out, 'where is Leipzig' or 'isn't Nordpool in Denmark?'

I won't even begin to suggest the Barcelona and Vienna attempts. What are these guys thinking? They will be arbed back into the stone age if they are not careful!

Oh, and then there is Powernext in France. Why does this suffer? Because it is FRENCH!

Japan, Germany issue joint statement on climate change

As per a Point Carbon article, the two countries are just getting a bit more rah rah about forcing countries to get with the program.

I dunno. Last time these guys got together, there was quite a bit of smoke.

ET

NOTE FROM THE EDITOR

My apologies for the serious delay in publication. World travels, internal hesitation by this organization whether pursuing emissions trading or not, and personal choices to pursue other projects (that make money) were to blame.

However, now the signals are more certain and our organization (still to remain nameless) will engage in the aggregation and sale of EUA's and also on larger green projects in a corporate finance role. The editor eager to make contact with other groups and would respond to any enquiries (if the editor can make a professional answer).

It is worthwhile to mention that this blog is a personal effort and is not regulated or controlled by anyone but this editor. It is a a no-frills, cynical and politically incorrect - but honest - reaction to the coming emissions trading market. Afterall, the editior is a sales-trader by profession.

-Ed.