Montréal Climate Exchange (MCX) could be launched by the end of 2006, officials said last week, but it remained anxiously awaiting the Canadian government's plan for greenhouse gas emission controls to be unveiled over the next few weeks.
MCX, a joint venture between Montréal Exchange (MX) and Chicago Climate Exchange (CCX), said it would offer trading on greenhouse gas emissions in Canada. Before it rolls out, however, a detailed federal plan that would spell out just how the Canadian government plans to address the emissions issue is needed. MCX executives believe a cap-and-trade programme will be...