Carbon Offsets Daily

The Montreal Climate Exchange (MCeX), Canada’s first regulated environmental market was A joint venture between the and the , 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.