From MarketWatch:
CantorCO2e Limited announced today that it has launched an electronic internet-accessed auction platform for the sale and purchase of issued Certified Emission Reductions (CERs). The new service was unveiled today to an audience of the leading emission trading participants from Europe, Japan and the US; including banks, energy utilities and hedge funds; at the Park Lane Hilton Hotel in London. "The CantorCO2e auction service has been designed to allow CER buyers, big and small, to participate in the auction on a level playing field with each other. Additionally, many of the barriers to trading CERs that currently exist in the market, such as the requirement for buyers to become project participants in order to take delivery of the CERs, are eliminated when using the CantorCO2e auction." said James Emanuel, Commercial Director at CantorCO2e....
...On 2nd October 2008 CantorCO2e will hold the first in a series of auctions. The first auction will be for 260,000 CERs generated from three biomass projects owned by Arauco, the largest forestry company in Latin America. The CERs will be delivered to successful buyers via the Swiss national emission registry....
