Green Exchange LLC, the second-biggest emission exchange by open interest in European permits, will offer futures contracts for Californian carbon allowances starting Sept. 11.
The New York-based exchange will list California futures contracts for delivery in December in 2012, 2013 and 2014, the exchange said today in an e-mailed statement. Green Exchange is owned by a group that includes CME Group Inc., which oversees the New York Mercantile Exchange.
