BlueNext

BlueNext was a European environmental trading exchange, considered the largest CO2 permit spot market,[1] with headquarters in Paris, France. On October 26, 2012, BlueNext announced that it would close permanently its spot and derivatives trading operations as of December 5, 2012.

BlueNext
TypeEnvironmental (carbon) exchange
LocationParis, France
FoundedDecember 2007
ClosedDecember 2012
OwnerNYSE Euronext (60%)
Caisse des Dépôts (40%)
Commoditiesemission allowances and emission credits
IndicesEUA Spot Index
WebsiteBlueNext.eu

Overview

BlueNext was founded in December 2007 when NYSE Euronext and Caisse des Dépôts purchased the carbon market from PowerNext.[2] NYSE Euronext holds a 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent.[3] 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 Reductions (CERs). LCH.Clearnet SA provides clearing services for BlueNext futures EUA and BlueNext futures CER.[4]

As an 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, while 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.[5][6]

China

China is the 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 Exchange (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.[7][8]

The second joint project between BlueNext and CBEEX is the Panda Standard – the first voluntary standard designed specifically for China and the Chinese carbon marketplace, with an initial primary focus on agriculture and forestry.[9]

United States

BlueNext announced its intention to extend its presence into the United States. The company is currently going through a period of study and research to design products for this North American market.

Main competitors

See also

References
  1. BlueNext Helps Unwind Trades in Recycled CO2 Dispute
  2. Article in Dealing with Technology (DWT)
  3. Spot carbon trading kicks off on BlueNext
  4. LCH.Clearnet official site Archived July 13, 2011, at the Wayback Machine
  5. "Press Release: NYSE Euronext and APX to Establish NYSE Blue". Euronext.com. 2010-09-07. Retrieved 2011-01-15.
  6. "NYSE Blue Frequently Asked Questions". APX.com. Archived from the original on 2010-12-23. Retrieved 2011-01-15.
  7. BlueNext, China Exchange Partner on Carbon Credits
  8. World's Biggest Carbon Offset Exchange Comes One Step Closer To Reality As NYSE’s BlueNext And China-Beijing Environmental Exchange Sign China Partnership
  9. China: The First Chinese Standard for Voluntary Greenhouse Gas Offset
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