A senior NYMEX official told reporters Wednesday that the exchange was considering getting into the business of carbon emissions trading. Given the actual, but especially the potential, size of this market, it makes sense that established bourses would take a good hard look at it. This will probably not be seen as very good news by the folks at Climate Exchange plc [OTC:CXCHF.PK]. Of course, until NYMEX actually unveils anything substantial, this will remain nothing but chatter.
a good point. but it also makes climate exchange a possible buy out target.
I agree Amith, but if there is any upside for Climate Exchange plc’s shareholders at the moment, it’s already been priced in. This stock is currently pretty richly valued.