Carbon Emissions Marketplace Grows In Response to Regulations
It’s no secret that as the costs (both monetary and environmental) of natural resources are skyrocketing, governments around the globe are developing regulations to address these issues at a rapid rate. Carbon Emissions are a large focus area for these environmental regulations. Reuters reports that companies like The Green Exchange are coming to the forefront to help corporations remain compliant with the new carbon emissions regulations.
According to the article:
"NYMEX's carbon emissions marketplace Green Exchange LLC has opened a new office in London and hired key staff from competitors in a push to gain market share in the $100 billion European carbon market.
Green Exchange said on Tuesday it had hired Les Male, former commercial director at Anglo-Dutch energy exchange APX-ENDEX, as head of its London office and Henry Bakker, formerly of market leader and rival European Climate Exchange, as director of communications.
Green Exchange has also hired Henrik Hasselknippe, former global head of carbon analysis at carbon market analysts Point Carbon, as managing director of global product development, the company said.
Green Exchange is a joint venture among major carbon market players which include Goldman Sachs and Morgan Stanley."
At JouleX, our goal is to help corporations monitor and control their energy usage (thereby reducing carbon emissions), but believe that carbon exchange is definitely part of a full overall Sustainability plan.
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