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Alliance creates Pan-European Carbon emission market

SENDECO2, the leading Spanish CO2 emission allowances market, and New Values, a Climate Exchange with presence in the Netherlands, Germany and United Kingdom, have announced today the signature of Memorandum of Understanding to form a Strategic Alliance to create a Pan-European Spot market for EU Carbon Dioxide Emission Allowances.

New platform for trading in EU Allowances

The trading platform "Climex", launched by New Values, will offer risk free spot trading in EU allowances and Kyoto Certificates from the start of the EU ETS market on February the 28th 2005. Climex is unique because it is easy to use at low cost for both small and large traders through a secure internet connection. Climex provides anonymous match making between buyers and sellers and functions as central counter party covering the settlement risks. Transactions are fully processed at the contractual, financial and administrative levels - anonymously and secure.

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