ISLE OF MAN, UK (Commodity Online): Climate Exchange Plc reported that trading volumes at European Climate Exchange has risen 63% in September on a year-on-year basis.
Market Highlights
- ECX volumes increased 63% over September 2008 with average daily volumes of 19,600 contracts traded.
- ECX T+1 contracts volumes exceeded 400 contracts per day on average accounting for nearly 20% of the total exchange spot market.
- EUAs and CERs are now accepted by ICE Clear Europe as collateral for ICE Futures Europe oil and energy contracts.
- Chicago Climate Futures Exchange (CCFE) had a record month with 203,794 contracts traded; a 16% increase over the previous record of 176,023 contracts set in June 2009
- CCFE's RGGI contracts had a record month with 137,737 contracts traded; a 1% increase over the previous record of 135,988 set in June 2009.
- CCFE's SFI contracts had a record month with 53,846 contracts traded; a 57% increase over the previous record of 34,303 in August 2009.
- On September 30th, Senators John Kerry and Barbara Boxer introduced in the U.S. Senate a draft climate and energy bill,
the"Clean Energy Jobs and American Power Act". Additionally, the U.S.Environmental Protection Agency announced a proposed rule for regulating greenhouse gas emissions from businesses that emit 25,000 or more tons annually.

Richard Sandor, Executive Chairman of Climate Exchange plc, said:"Momentum in Washington towards climate legislation continues to pick up with the introduction of a draft bill in the Senate. We look forward to sharing the experiences our members have gained, since CCX launched in 2003, in building the infrastructure of a multi-sector international
carbon cap-and-trade program."

Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:"Futures and options trading on ECX and CCFE continues at strong levels as evidenced by the record month on CCFE and continued growth in daily volumes in Europe." (Courtesy:Marketwire)