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World's biggest carbon offset exchange comes one step closer to reality as NYSE’s BlueNext and China-Beijing Environmental Exchange sign China partnership
 

Beijing / New York , June 18, 2009 – NYSE Euronext (NYX) today announced that BlueNext, its majority-owned environmental trading exchange, is partnering with the China-Beijing Environmental Exchange (CBEEX), the first state-level Chinese environmental rights trading platform, to set up an international carbon-trading related information platform.

Bluenext, the world’s largest “spot” trader of carbon credits supported by the world’s leading and most liquid exchange group, operates the world’s largest spot market for Certified Emissions Reductions (CERs). CBEEX is the gateway to China , the world’s largest market for Clean Development Mechanism (CDM) projects.

At an official signing ceremony today in Beijing , BlueNext and CBEEX signed an agreement that includes:

  • A cross-marketing partnership;
  • A comprehensive data sharing agreement that will promote investment- and buyer information of Clean Development Mechanism (CDM) projects in China ;
  • BlueNext sharing its deep understanding of environmental trading knowledge and expertise with CBEEX to grow both markets internationally.

“This is another step in our wish to expand our market into the great potential that is China, and the rest of Asia; but also another step in our long held ambition to be the reference point for a single international price for carbon,” said Serge Harry, Chairman and CEO of BlueNext.

“NYSE’s Bluenext, as an American European company, is ideally placed to open up access to the largest buyers of CDM projects and CERs in the European and American markets,” said Darwin Zheng of CBEEX.

For background about CDM and CERs, please see the below.

Background about CDMs and CERs:

What is the CDM?

The Clean Development Mechanism (CDM) creates credits, Certified Emission Reductions (CERs), from emission abatement projects in developing countries.  CERs can be used for compliance in the European Emissions Trading Scheme (EU ETS) and other national schemes, such as in Canada and Japan .

Key Facts about CDM / CERs in China

  • China had 84% market share in 2008 for the Primary CDM market
  • Between 2002-2008, China accounted for 66% of all contracted CDM supply in the market
  • From January 2008 to March 2009, the CDM pipeline in China grew steadily to about 1730 projects
  • 800 Chinese projects entered the pipeline since January

Key Facts about CERs on Bluenext

  • Price of CER Spot on Bluenext 16.6.09 – 10.75 Euros / Tonne ($14.89)
  • Total volume of CER spots since August 2008 - 24 114 000 tonnes

(Source: Environmental Finance)

About Bluenext

Bluenext is the leading environmental trading exchange – the earth’s exchange. 60% owned by NYSE Euronext – the world’s largest and most liquid exchange group; and 40% owned by Caisse des Dépôts – the French state-owned bank. For more information, please visit: www.bluenext.fr

About NYSE Euronext

NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions.  With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group.  NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading.  NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies.  NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.  For more information, please visit: www.nyx.com.

 

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This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

 

 

 

 



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyx.com