BlueNext was a

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

an environmental trading

exchange Exchange may refer to: Physics *Gas exchange is the movement of oxygen and carbon dioxide molecules from a region of higher concentration to a region of lower concentration. Places United States * Exchange, Indiana, an unincorporated community * ...

, considered the largest CO₂ permit spot market, with headquarters in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

. On October 26, 2012, BlueNext announced that it would close permanently its spot and derivatives trading operations as of December 5, 2012.

Overview

BlueNext was founded in December 2007 when

NYSE Euronext NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx). NYSE merged with Archi ...

and

Caisse des Dépôts Caisse, a French word, may refer to: *Caisse Desjardins, an association of credit unions in Quebec *Caisse d'Epargne-Illes Balears, a road-bicycle racing team *Caisse de dépôt et placement du Québec, a public pension fund in Quebec *Caisse nati ...

purchased the carbon market from

PowerNext Powernext SA, incorporated in 2001, is a regulated market operating under AMF supervision. Based in Paris, Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry f ...

. NYSE Euronext holds a 60 percent majority stake in BlueNext and Caisse des Dépôts owns the other 40 percent. PowerNext continues to operate its electricity market separately. Members of BlueNext are offered

spot Spot or SPOT may refer to: Places * Spot, North Carolina, a community in the United States * The Spot, New South Wales, a locality in Sydney, Australia * South Pole Traverse, sometimes called the South Pole Overland Traverse People * Spot (prod ...

trading of carbon (CO₂) emission rights and

derivative In mathematics, the derivative of a function of a real variable measures the sensitivity to change of the function value (output value) with respect to a change in its argument (input value). Derivatives are a fundamental tool of calculus. F ...

products (futures) on European Union Allowances ( EUAs) and

Certified Emission Reduction Certified Emission Reductions (CERs) are a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE (Designated Operational E ...

s (

CERs CERS (Centre for Relationship Marketing and Service Management) is a research and competence centre at the Hanken School of Economics in Helsinki, Finland. The centre operates in conjunction with the department of marketing, and specialises in re ...

). LCH.Clearnet SA provides clearing services for BlueNext futures EUA and BlueNext futures CER. As an expansion to their existing products and services, BlueNext began offering auction services, and as a result of strategic partnership with

Markit Markit Ltd. was a British financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, fo ...

issued their first index, the Markit BlueNext EUA Spot Index.

NYSE Blue

NYSE Euronext and APX announced on September 7, 2010 plans for a joint venture, NYSE Blue, that will focus exclusively on environmental and

sustainable energy Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs". Most definitions of sustainable energy include considerations of environmental aspects such as greenh ...

markets, and expansion of these services in North America and Asia. NYSE Euronext will contribute its ownership in BlueNext in return for a majority interest in the joint venture, while APX will contribute its business (operational, regulatory infrastructure and services for the environmental and sustainable energy markets) in return for a minority interest in the venture.

China

China is the world’s leading source of greenhouse gases and is identified as the source of more than 80 percent of carbon credits traded globally. In June 2009, BlueNext and the

China Beijing Environmental Exchange China Beijing Environmental Exchange (CBEEX) is a corporate domestic and international environmental equity public trading platform initiated by the China Beijing Equity Exchange (CBEX) and authorized by the Beijing municipal government. Backgrou ...

( CBEEX) signed an agreement to set up an international carbon-trading related information platform that would jointly publish and promote

Clean Development Mechanism The Clean Development Mechanism (CDM) is a United Nations-run carbon offset scheme allowing countries to fund greenhouse gas emissions-reducing projects in other countries and claim the saved emissions as part of their own efforts to meet internati ...

( CDM) projects based in China. This information is to be sourced from the China Beijing Environmental Exchange. The second joint project between BlueNext and CBEEX is the Panda Standard – the first voluntary standard designed specifically for China and the Chinese carbon marketplace, with an initial primary focus on agriculture and forestry.China: The First Chinese Standard for Voluntary Greenhouse Gas Offset
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United States

BlueNext announced its intention to extend its presence into the United States. The company is currently going through a period of study and research to design products for this North American market.

Main competitors

European Climate Exchange The European Climate Exchange (ECX) managed the product development and marketing for ECX Carbon Financial Instruments (ECX CFIs), listed and admitted for trading on the ICE Futures Europe electronic platform. For a time it was a subsidiary of the ...

NASDAQ OMX Commodities Europe NASDAQ OMX Commodities Europe is a trade name of NASDAQ OMX Oslo ASA, the single financial energy market for Norway, Denmark, Sweden and Finland. Before 1 November 2010, it was known by the name Nord Pool (not to be confused with the physical en ...

European Energy Exchange European Energy Exchange (EEX) AG is a central European electric power and related commodities exchange located in Leipzig, Germany. It develops, operates and connects secure, liquid and transparent markets for energy and related products, inc ...

Green Exchange The Green Exchange is a sustainable and green retail and office development project in the Logan Square community area of Chicago, Illinois that is designed to house eco-friendly businesses and organizations. Developers of the building have been ...

References

External links

BlueNext official website

Panda Standard website

APX, Inc.

NYSE Blue FAQs
{{DEFAULTSORT:Bluenext Financial services companies established in 2007 Energy exchanges in Europe NYSE Euronext Energy in France Companies based in Paris Commodity exchanges in France