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Montreal Exchange Begins Carbon Trading

The Montreal Climate Exchange (MCeX),
Canadas first regulated environmental market was launched today. A joint
venture between the Montreal Exchange and the Chicago Climate Exchange, the
MCeX will begin trading futures contracts in carbon dioxide equivalent units. Carbon
credits will be given to the exchange members who are able to meet or exceed
emission reduction targets, and they will be able to sell the credits through the exchange at
market value to those who fall short of the target.

Luc Bertrand, the President and CEO of the
Montreal Exchange and the Chairman of the MCeX said "Our goal is to
position MCeX as a leading developer of market solutions that help industry
reduce greenhouse gas emissions as efficiently as possible." With Canada’s energy consumption and thus emissions among the highest in the world, if the MCeX is indeed able to accomplish its goal – the world will surely become a greener place.

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