BlueNext

BlueNext was a European environmental trading exchange, considered the largest CO2 permit spot market, BlueNext Helps Unwind Trades in Recycled CO2 Dispute 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.

Overview BlueNext was founded in December 2007 when NYSE Euronext and Caisse des Dépôts purchased the carbon market from PowerNext. Article in Dealing with Technology (DWT) NYSE Euronext holds a 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent. Spot carbon trading kicks off on BlueNext 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.LCH.Clearnet official site

NYSE Blue NYSE Euronext and APX announced on September 7, 2010 plans for a joint 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.

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.BlueNext, China Exchange Partner on Carbon CreditsWorld's Biggest Carbon Offset Exchange Comes One Step Closer To Reality As NYSE’s BlueNext And China-Beijing Environmental Exchange Sign China Partnership

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.China: The First Chinese Standard for Voluntary Greenhouse Gas Offset

Main competitors European Climate Exchange NASDAQ OMX Commodities Europe European Energy Exchange Green Exchange

BlueNext

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