Monday, July 23, 2007

Australian Climate Exchange went live today

The greenhouse gas bourse, a joint venture with niche emerging companies trader Australia Pacific Exchange, says it sets a market-based price for greenhouse pollution for the first time.

After a day's trading, 1600 tonnes of Australian Greenhouse Office-accredited "voluntary emission reductions" had changed hands at a final price of $8.60 a tonne.

From WA (that'd be Western Australia) Business News