Multi-Commodity Exchange of India (MCX) will launch new carbon-related
derivative instruments, rated by IDEAcarbon, a global specialist
advisor on carbon finance.
A Reuters report quoting Joseph
Massey, Chief Executive Officer of MCX said that no time frame had been
set for the launch. The Ideacarbon related contracts is expected to
bring more credibility and put the carbon products on par with globally
traded ones. MCX already had two carbon related instruments traded on its platform which is not rated.
The
Certified Emission Reduction (CER) futures was launched by MCX on June
9 whereas National Commodity and Derivatives Exchange had launched CER
futures in April
