IntercontinentalExchange (ICE) is to supply an electronic trading system to Chicago Climate Exchange (CCX), the US venture for trading greenhouse gas emissions credits due to begin trading in October.
The energy firms which use ICE are likely to be among the major users of emissions markets if environmental laws require them to cut their carbon emissions.
CCX, which is due to release further details of its market model this week, said it will conduct an auction of emissions credits on 1 October, with trading to begin on 10 October. The exchange has...