LONDON (Reuters) – London-based clearinghouse LCH.Clearnet is launching its own over-the-counter carbon credit clearing service to rival that of its European Climate Exchange partner Climate Exchange PLC.
Shares in Climate Exchange fell 2 percent following the news.
LCH.Clearnet will offer clearing services for European Union Allowances (EUAs) and could steal a march on Climate Exchange by offering clearing services for U.N.-approved CER (Carbon Emission Reduction) credits from the start of 2008.
The initiative is being backed by London Energy Brokers Association (LEBA) members CantorCO2e, Evolution Markets, GFI, ICAP, Spectron, TFS and Tullett Prebon Energy.
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Noelle dEstries
Noelle d'Estries, an early GO employee who took on the varied roles of Community Manager, green celebrity blogger, and more. She currently runs worstcookever.com GO entered Noelle's life in February 2007 while she was burning tires in her backyard. A phone call from the green gods at GO, burnt out the fires. Now, Noelle happily wears her GO sweatshirt while eating organic veggies and asking for paper, not plastic. A regular at the local farmer's market, Noelle shuns raking leaves and lawn maintenance, while making gourmet foods constantly. When not staring at her computer screen, she spends time with her equally attractive dog, Tessa, cat, Tim and lover Paul. She currently holds all three point records at RIT and could eat avocados and drink wine for the rest of her life.
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