From Marketwatch.com: Green Exchange got its approval from federal futures regulators this week to launch a trading platform that will list contracts tied to credits and allowances for greenhouses gases.
The Commodity Futures Trading Commission said Friday it had approved the exchange’s application Thursday. The announcement of its approval comes just one day after U.S. Senate Democrats decided to table a climate-change bill. That bill would have helped spur a much larger derivatives market to help companies offset their carbon emissions.............full story: www.marketwatch.com/story/cftc-approves-green-exchange-2010-07-24
Does having a green exchange make sense even though the climate-change bill didn't pass???
I think so. Speculation will add liquidity to the market.