Dwayne Strocen
Dwayne Strocen is a registered Commodity Trading Advisor specializing in analyzing and hedging Market and Operational Risk using exchange traded and OTC derivatives. Website: http://www.genuineCTA.com
Launch Of CO2 Carbon Emissions Trading Announced by CTA Firm, Genuine Trading Solutions
- By Dwayne Strocen
- Published 11/29/2009
TORONTO, Canada January 2009
– Carbon Emissions CO2 Trading Launched By CTA Firm Genuine Trading
Solutions.
Genuine Trading Solutions
President and CEO, Dwayne Strocen said today "The Kyoto Protocol and Asia-Pacific Partnership On Clean Development And
Climate (APP) has taken center stage on bringing awareness to global
warming. In response to compelling
corporate demand, we have mandated a trading and hedging initiative to support
our role as leaders in risk management for the international marketplace. The mandate for trading carbon CO2 emissions is clearly in response to global demand with sound
conviction the timing of this launch will be well received."
In addition to working
closely with companies to manage their emission output levels, Genuine Trading
Solutions expects shortly to be announcing the launch of a CO2 Carbon
Emission fund. In conjunction with key
partners including the Eurex exchange, the company expects to stimulate new
areas of growth by taking a firm lead in this exciting field of development. Working with Eurex is inspiring where we
have seen trading growth steadily increase.
October
holds the new record month for Eurex with 16.666 million tonnes of CO2 trading volume.
It has been widely known
that the leading signatory countries account for the greatest amount of CO2
Carbon Emission output. The
European Union (EU) has demonstrated that a committed focus by both responsible
government agencies and committed corporate leadership has resulted in a
positive response to a truly global crisis.
Positive recent comments by
President-Elect Obama and Canada's Prime Minster Stephen Harper have
demonstrated renewed commitment to a North American solution to climate
change. Whether we see a cap-and-trade
program modeled after the EU program, or creation of an environmental tax, the
outcome is yet to be decided. The
public is however, expecting a committed response by these two leaders.
The use of emission credits is a complex one. Many older established
companies are forced to spend considerable sums of money modernizing plants. In
many instances this takes time, usually years to achieve. In contrast to new
generation technologies which are not faced with up-grading facilities to
comply with 1990 emission standards. Trading emission credits is a way for low
emission companies such as wind farms to sell credits to benefit higher
emitting companies. Trading
programs ultimately aid in being a net benefit to the host country by
enabling it to meet it's commitment to the APP and Kyoto Protocol Agreement.
"We are pleased to extend our expertise into this exciting field of growth and share in the success of our international client base who clearly wish to be pro-active and not wait for government mandated action", says Dwayne Strocen,- President and CEO
Company Web Site: http://www.genuineCTA.com