Carbon trade woos local power market operator and bourses

A race for carbon trading platforms heats up Romania’s new billion Euro market in CO2 creditsRomania’s carbon market has been in operation for over a year and local stock exchanges and Romania’s state-owned power market operator (Opcom) are wising up to the opportunities of building platforms for trade.
Opcom intends to set up a new platform as early as this year, while the Bucharest Stock Exchange (BSE) has also expressed interest in opening a facility for trading Carbon Dioxide (CO2) emissions credits.
Since 2009, Romania has been part of the EU’s scheme for carbon trading, where up to 12,000 industrial and energy polluters buy and sell CO2 emissions. These carbon credits take the form of European Union Allowance [EUAs], with each unit representing one tonne of CO2 produced, and are sold on an international stock exchanges, such as Amsterdam’s Climex or Paris’s Bluenext.
In Romania only the Sibiu-based electronic exchange Sibex has a platform for brokers to buy and sell carbon credits.
Romania’s polluters include power plants, metal products manufacturers and plastics producers. Many of these are state owned facilities, such as thermo-power plants Rovinari and Turceni.

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