| Type | Environmental (carbon) exchange |
|---|---|
| Location | Paris, France |
| Founded | December 2007 |
| Closed | December 2012 |
| Owner | NYSE Euronext (60%) Caisse des Dépôts (40%) |
| Commodities | emission allowances and emission credits |
| Indices | EUA Spot Index |
| Website | BlueNext.eu |
BlueNext was aEuropean environmental tradingexchange, considered the largest CO2 permit spot market,[1][2] with headquarters inParis,France. On October 26, 2012, BlueNext announced that it would close permanently its spot and derivatives trading operations as of December 5, 2012.
BlueNext was founded in December 2007 whenNYSE Euronext andCaisse des Dépôts purchased thecarbon market fromPowerNext.[3] NYSE Euronext holds a 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent.[4] PowerNext continues to operate its electricity market separately.[citation needed]
Members of BlueNext are offeredspot trading of carbon (CO2) emission rights andderivative products (futures) onEuropean Union Allowances (EUAs) andCertified Emission Reductions (CERs).LCH.Clearnet SA provides clearing services for BlueNext futures EUA and BlueNext futures CER.[5]
NYSE Euronext and APX announced on September 7, 2010 plans for a joint venture, NYSE Blue, that will focus exclusively on environmental andsustainable 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.[6][7]
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 theChina Beijing Environmental Exchange (CBEEX) signed an agreement to set up an international carbon-trading related information platform that would jointly publish and promoteClean Development Mechanism (CDM) projects based in China. This information is to be sourced from the China Beijing Environmental Exchange.[8][9]
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.[10]
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