Ecotrade
BlueNext was formed on 21 December 2007 when NYSE Euronext and Caisse des Depot joined forces to create the world's largest exchange for environmental-related products. With climate issues high on the green agenda and carbon becoming an internationally traded commodity, BlueNext plans to play a key role in using markets mechanisms to price and reduce grenhouse gas emissions.
BlueNext is pursuing a three-pronged strategy:
Expand the product range. In 2008, alongside BlueNext Spot EUA 08-12, the leading European spot contract for trading EU emission allowances, BlueNext plans to launch BlueNext Spot CER, a contract on Kyoto credits (depending on the possibility of linking Europe to the International Transaction Log, which connects all national registries) as well as BlueNext Futures EUA and BlueNext Futures CER, two futures contracts for allowances and credits (in the second-quarter). It also intends to develop a range of environmental products on other underlyings, such as weather risk.
Extend the business to Asia and North America. NYSE Euronext’s international network of marketplaces and members will give BlueNext a decisive advantage in setting up a global market to address the planet-wide issues arising from the Kyoto Protocol and regulatory developments in North America and Asia.These efforts will build on the pioneering initiatives taken by the European Union since 2005.
