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Envex is a company which develops financial instruments for emissions trading under the Carbon Pollution Reduction Scheme and other environmental markets in Australia.
History
[edit]The company was founded in February 2008 as a joint venture between Macquarie Group Limited and the Financial and Energy Exchange. In July of the same year Climate Exchange PLC, owner of the European Climate Exchange and the Chicago Climate Exchange, acquired a 25% stake in Envex [1]
The core focus of Envex's work is to develop tradable contracts for Over-the-counter (finance) and Exchange trading to "enable trading in a range of environmental products" in the Australian markets[2]. These include financial instruments related to the underlying units of the Mandatory Renewable Energy Target scheme, the Australian Emissions Trading Scheme ( a proposed initiative of the Carbon Pollution Reduction Scheme) and the New South Wales Greenhouse Gas Abatement Scheme.
Current Board Members
[edit]Bob Carr, Non Executive Chairman, former Premier of New South Wales.
Vincent Cornes, General Manager.
Oliver Yates, Non Executive Director.
Karel Nolles, Non Executive Director.
Brian Price, Non Executive Director.
Dimitri Burshtein, Non Executive Director.
Neil Eckert, Non Executive Director.
Matthew Whittell, Non Executive Director.
See Also
[edit]Carbon Pollution Reduction Scheme
Emissions Trading
Mandatory renewable energy targets
New South Wales Greenhouse Gas Abatement Scheme
Energy policy of Australia
External Links
[edit]Official website Carbon Pollution Reduction Scheme website
References
[edit]- ^ Envex media centre
- ^ Carr signs up to Global Carbon Market, Sydney Morning Herald Nov 19 2008