The Montreal Exchange announced on Mar 14th its intent to launch on May 30th the Montreal Climate Exchange, a joint venture with the Chicago Climate exchange.
The Montreal Climate Exchange has been an on-again off-project in the works since at least 2 or 3 years. The recent Government of Canada announcement a few days earlier re-enforcing its commitment to carbon trading finally pushed this project into the reality zone.
The Montreal Climate Exchange will offer trading in carbon futures emissions. This will in turn allow member companies to offset their carbon dioxide emissions by buying credit from other companies.
The launch of the exchange is a key step towards the establishment of a robust cap-and-trade system in Canada.
Here in the Montreal Exchange press release.
http://www.m-x.ca/f_comm_press_en/12-08_en.pdf
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