NYMEX's Green Exchange waives emissions trade fees
LONDON (Reuters) - NYMEX's Green Exchange announced it will waive trading fees for three months for all emissions futures and options, including European Union carbon permits, from September 2, the environmental exchange said on its website.
NYMEX launched the Green Exchange in 2008 in an attempt to secure a slice of the carbon emissions market, worth $126 billion last year.
Market players had predicted the Green Exchange would dominate exchange trading in the new U.S. regional emissions market, called the Regional Greenhouse Gas Initiative (RGGI), but the exchange has traded minimal volumes since its inception.
The Green Exchange also trades futures contracts in nitrogen oxide and sulfur dioxide emissions.
(Reporting by Michael Szabo; Editing by Sue Thomas)
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