Monthly Archives: February 2011

EC to speed up carbon market security

The European Commission will speed up plans to improve security and possibly include spot market trading in future financial markets regulation, as it bids to shore up confidence in its flagship emission trading system (ETS). Regulators in Brussels on Wednesday proposed a series of long and short-term measures to restore confidence in the ETS market, the largest of its kind…

D. Börse takes majority stake in EEX

Deutsche Börse has taken a majority stake in European Energy Exchange, the German energy exchanges group, as it expands its business beyond stock and derivatives trading. The German exchanges operator secured an option, via its Eurex derivatives platform, to buy the 22.96 per cent shareholding in EEX owned by Landesbank Baden-Württemberg in December. On Wednesday it secured a majority of…

EU seeks to slow carbon trades

Europe’s climate chief wants to slow down the pace of trading in carbon markets in order to make the system less susceptible to cyber-thieves. Connie Hedegaard, the commissioner for climate action, has ordered aides to study ways to introduce delays in carbon spot trading in response to a rash of thefts last month that forced the European Union to suspend…

Manufacturers urge rethink on carbon policy

Manufacturers have urged the government to “rethink” its proposal to impose a price on carbon dioxide emissions, warning that this could damage the sector’s competitiveness. The Treasury is engaged in a consultation exercise on the “carbon price floor”, which is designed to make carbon intensive methods of electricity generation significantly more expensive. But the extra costs could feed through into…