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Application of flexible, market-based
mechanisms for reducing greenhouse
gas emissions has achieved widespread
intellectual and political support.
This broad acceptance of emissions
trading was reflected in the Kyoto
Protocol, which established several
emissions trading mechanisms. Industrialized
countries that become Parties to this
treaty (which has not yet entered
into force), adopt legally binding
commitments to reduce emissions to
levels below those experienced in
1990. There are growing signs of the
emergence of a market for greenhouse
gas (GHG) emissions reduction certificates.
These initiatives come from the public,
private and non-profit sectors, as
well as partnerships among these sectors.
The demand to reduce greenhouse gases
will grow over time. Taking action
to limit greenhouse gas emissions
and create value for these reductions
makes good business sense. However,
these emerging markets, and an international
market linking them, are still in
their infancy. This results in large
transaction costs and market inefficiencies.
The ACX-ChangeTM positions itself
as a ‘Sellers exchange’
to aggregate sellers and facilitates
trade of carbon assets between informed
sellers and informed buyers of GHG
emission rights.
With a view to catalyzing the development
of an open and transparent market
structure, The ACX-Change™ is
ideally positioned to address the
inconsistencies in the emerging market
for CERs. The ACX-Change™ is
widely expected to level the playing
field.
Attractive low brokerage fee offer
to large sellers of CERs
As part of the pre launch initiative,
The ACX-Change™ is offering
all large buyers/sellers (minimum
150,000 CERs per annum) an extremely
low brokerage during the pre-launch
period.
Sellers, buyers and traders, whether
private or public corporations and
duly authorized government procurement
agencies, may register online at www.asiacarbonexchange.com.
The above chart reveals the trend
for EU allowances over a one month
period. It is time to ponder over
the price of CERs and the direction
it will take over the first commitment
period and then follow the trends
as they unfold over ACX-Change™.
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