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WSE mulls setting up CO2 emission rights trading floor

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Date: 2012-02-09 08:25

The Warsaw Stock Excange (WSE) wants to set up a platform for trading in CO2 emissions allowances, but waits with this project for legal changes, the Polish Power Exchange's (TGE) president Grzegorz Onichimowski has told the Polish Press Agency.


WSE is now finalizing the takeover of TGE. He added that the environment ministry plans to announce a tender for such a market at the turn of February and March, but has so far not revealed any information on its criteria. WSE is ready to participate in this tender, Onichimowski declared.

Currently, TGE operates the Emission Allowances Market (CO2 Spot), which is an integral part of the national and European CO2 Emission Allowances Trading System. It has been in place since Sep 19 of 2006. It is dedicated to installations participating in the European system of CO2 emission certificate trading and all entities interested in such trading. Trading takes place twice a week (Tuesdays and Thursdays) in fixing, continuous trading and OTC systems.