Commenting on the launch Mr. GenichiNakatoni, 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 Commoditye 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. GenichiNakatoni, Chairman and CEO of NGCX saidfurther that, “Japanesecompanies 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 astate-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 Exchangefacilitates commodities trading and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. Nagoya Commodity Exchangesignificant 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.
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