Saturday, 21 September 2019 11:56 GMT
img

Nagoya Commodity Exchange (ngcx) to Launch Carbon Credits Contract




(MENAFN Editorial)

In a landmark initiative that will enable direct trading of Carbon Credits Nagoya Commodity Exchange today launched futures trading in Carbon Credits. This pioneering initiative at Nagoya Commodity Exchange makes it among the select few in league.

Commenting on the launch Mr. Genichi Nakatoni Chairman and CEO of NGCX  said “Launching of carbon credit futures on the Nagoya Commodity Exchange’s trading platform would provide transparency to markets and help producers earn remunerative returns out of environmentally clean projects.” Trading in new generation commodities like carbon credits has placed Nagoya Commodity Exchange on the global map of innovative exchange for providing global products to its clients.

Carbon Credits are generated by enterprises in the developing world by using cleaner technologies and thereby saving on energy consumption. This consequently reduces their greenhouse gas emissions. For each reduced ton of carbon dioxide emission an organization receives a carbon emission certificate which it can sell either immediately or through a futures market just like any other commodity. Carbon trading is carried out under a UN-mandated international convention on climate change.

Mr. Genichi Nakatoni Chairman and CEO of NGCX  said further that “Japanese companies have been at the forefront of innovation in use of technology and green field projects. Carbon futures are an ideal platform for these enterprises to get rewarded for adopting eco-friendly practices. With the launch of futures trading in carbon credits we have taken another major step towards becoming the nation’s growth engines.”

Under the Kyoto Protocol Carbon Credits or carbon emission reductions certificates are issued by the Clean Development Mechanism Executive Board the highest international body to register projects and issue credits.


About Nagoya Commodity Exchange  (ngcx.org)
Nagoya Commodity Exchange (ngcx) is a state-of-the-art fully electronic commodities market offering a full range of listing and trading opportunities for international and domestic commodities debt depository receipts insurance securitization and derivative warrants. Nagoya Commodity Exchange facilitates commodities trading and clearing and settlement of commodity futures transactions thereby providing a platform for risk management. Nagoya Commodity Exchange significant growth over the last several years is due in large part to the company's innovative and flexible approach. In addition to taking a leading role in what has become a world trend towards profitability and demutualization the Exchange has sought to create unique products and services for its markets.


Nagoya Commodity Exchange
www.ngcx.org

media contact: Korekiyo Saitoh

phone: +81524564419

Urbannet Nakoya Building
1-1-10 Higashi Sakura
Higashi
Nagoya
Aichi


Nagoya Commodity Exchange (ngcx) to Launch Carbon Credits Contract

PRBuzz.com is a press release distribution service that distributes press releases to online news sites and blogs to help customers with search engine optimization and create buzz about their web site, news or business.

  Most popular stories  

Day | Week | Month