BlueNext
Encyclopedia
BlueNext is a Europe
an environmental trading exchange
, considered the largest CO2 permit spot market, with headquarters in Paris
, France
.
from PowerNext
.
NYSE Euronext holds 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent. PowerNext continues to operate its electricity market separately.
Members of BlueNext are offered spot
trading of carbon (CO2) emission rights and derivative
products (futures) on European Union Allowances
(EUAs
) and Certified Emission Reduction
s (CERs
). LCH.Clearnet
SA provides clearing services for BlueNext futures EUA and BlueNext futures CER
As expansion to their existing products and services BlueNext began offering Auction services and as a result of strategic partnership with Markit issued their first Index - the Markit BlueNext EUA Spot Index.
(CBEEX
) signed an agreement to set up an international carbon-trading related information platform that would jointly publish and promote Clean Development Mechanism
(CDM
) projects based in China. This information is to be sourced from the China Beijing Environmental Exchange.
The second joint project between BlueNext and CBEEX is The Panda Standard – the first voluntary standard designed specifically for China and Chinese carbon marketplace, with initial primary focus on agriculture and forestry.
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
an environmental trading exchange
Exchange (organized market)
An exchange is a highly organized market where tradable securities, commodities, foreign exchange, futures, and options contracts are sold and bought.-Description:...
, considered the largest CO2 permit spot market, with headquarters in Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
.
Overview
BlueNext was founded in December 2007 when NYSE Euronext and Caisse des Dépôts purchased the carbon marketCarbon Market
The Carbon Market is the oldest and largest farmer's market in Cebu City, located in the Central Visayas region of the Philippines, and is a major tourist attraction. It is wheelchair accessible. It is located in downtown Cebu City, on MC Briones Street, Ermita barangay, and it can be reached by...
from PowerNext
Powernext
Powernext is a regulated investment firm based in Paris and operating under the multilateral trading facility status. Powernext designs and operates electronic trading platforms for spot and derivatives markets in the European energy sector...
.
NYSE Euronext holds 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent. PowerNext continues to operate its electricity market separately.
Members of BlueNext are offered spot
Spot market
The spot market or cash market is a public financial market, in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market in which delivery is due at a later date...
trading of carbon (CO2) emission rights and derivative
Derivative (finance)
A derivative instrument is a contract between two parties that specifies conditions—in particular, dates and the resulting values of the underlying variables—under which payments, or payoffs, are to be made between the parties.Under U.S...
products (futures) on European Union Allowances
European Union Emission Trading Scheme
The European Union Emissions Trading Scheme also known as the European Union Emissions Trading System, was the first large emissions trading scheme in the world. It was launched in 2005 to combat climate change and is a major pillar of EU climate policy...
(EUAs
European Union Emission Trading Scheme
The European Union Emissions Trading Scheme also known as the European Union Emissions Trading System, was the first large emissions trading scheme in the world. It was launched in 2005 to combat climate change and is a major pillar of EU climate policy...
) and Certified Emission Reduction
Certified Emission Reduction
Certified Emission Reductions are a type of emissions unit issued by the Clean Development Mechanism Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol...
s (CERs
Certified Emission Reduction
Certified Emission Reductions are a type of emissions unit issued by the Clean Development Mechanism Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol...
). LCH.Clearnet
LCH.Clearnet
LCH.Clearnet is an independent clearing house based in Europe that serves major international exchanges and platforms, as well as a range of OTC markets...
SA provides clearing services for BlueNext futures EUA and BlueNext futures CER
As expansion to their existing products and services BlueNext began offering Auction services and as a result of strategic partnership with Markit issued their first Index - the Markit BlueNext EUA Spot Index.
NYSE Blue
NYSE Euronext and APX announced on September 7, 2010 plans for a join venture, NYSE Blue™, that will focus exclusively on environmental and sustainable energy markets, and expansion of these services in North America and Asia. NYSE Euronext will contribute its ownership in BlueNext in return for a majority interest in the joint venture and APX will contribute its business (operational, regulatory infrastructure and services for the environmental and sustainable energy markets) in return for a minority interest in the venture.China
China is world’s leading source of greenhouse gases and is identified as the source of more than 80 percent of carbon credits traded globally. In June 2009 BlueNext and The China Beijing Environmental ExchangeChina Beijing Environmental Exchange
China Beijing Environmental Exchange is a corporate domestic and international environmental equity public trading platform initiated by the China Beijing Equity Exchange and authorized by the Beijing municipal government....
(CBEEX
China Beijing Environmental Exchange
China Beijing Environmental Exchange is a corporate domestic and international environmental equity public trading platform initiated by the China Beijing Equity Exchange and authorized by the Beijing municipal government....
) signed an agreement to set up an international carbon-trading related information platform that would jointly publish and promote Clean Development Mechanism
Clean Development Mechanism
The Clean Development Mechanism is one of the "flexibility" mechanisms defined in the Kyoto Protocol . It is defined in Article 12 of the Protocol, and is intended to meet two objectives: to assist parties not included in Annex I in achieving sustainable development and in contributing to the...
(CDM
Clean Development Mechanism
The Clean Development Mechanism is one of the "flexibility" mechanisms defined in the Kyoto Protocol . It is defined in Article 12 of the Protocol, and is intended to meet two objectives: to assist parties not included in Annex I in achieving sustainable development and in contributing to the...
) projects based in China. This information is to be sourced from the China Beijing Environmental Exchange.
The second joint project between BlueNext and CBEEX is The Panda Standard – the first voluntary standard designed specifically for China and Chinese carbon marketplace, with initial primary focus on agriculture and forestry.
US
BlueNext announced its intention to extend its presence into the US. Currently the company is going through a period of study and research to design products for this North American market.Main competitors
- European Climate ExchangeEuropean Climate ExchangeThe European Climate Exchange manages the product development and marketing for ECX Carbon Financial Instruments , listed and admitted for trading on the ICE Futures Europe electronic platform. It is no longer a subsidiary of the Chicago Climate Exchange but rather a sister company...
- NASDAQ OMX Commodities Europe
- European Energy ExchangeEuropean Energy eXchangeEuropean Energy Exchange AG, Germany's energy exchange, is the leading energy exchange in Central Europe.-Overview:The European Energy Exchange is located in Leipzig. Preceding companies were LPX Leipzig Power Exchange, located in Leipzig and European Energy Exchange, located in Frankfurt...
- Green ExchangeGreen ExchangeThe Green Exchange is a sustainable and green retail and office development project in the Logan Square community area of Chicago, Illinois that is designed to house more than one hundred eco-friendly businesses and organizations within a single building...
See also
- Carbon creditCarbon creditA carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent equivalent to one tonne of carbon dioxide....
- Carbon offsetCarbon offsetA carbon offset is a reduction in emissions of carbon dioxide or greenhouse gases made in order to compensate for or to offset an emission made elsewhere....
- Emissions tradingEmissions tradingEmissions trading is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants....
- Kyoto ProtocolKyoto ProtocolThe Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
- List of futures exchanges