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ASX to Offer Futures Before Australia Starts Emissions Trading

ASX Group, operator of Australia’s main stock exchange, plans to offer secondary and futures markets for carbon allowances before the country’s emission trading system begins in 2015, the exchange said.

“Key to the success of the ETS will be the introduction of second and futures markets for carbon permits and any fungible carbon-related products,” the Sydney-based company said today in a statement. “The markets will generate the short and long-term price signals and risk mitigation required to underpin investment certainty.”