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Canadian exchange makes first trade.(Emissions Trading)
The Toronto (Canada)-based Greenhouse Gas Exchange (GHGx) announced its "demonstration of the world's first real-time, on-line trading platform for greenhouse gas emission credits" in late December 2004. The demonstration effected a trade of 10,000 metric tons (Mt) carbon dioxide (C[O.sub.2]) emission credits between anonymous participants. The emission credits sold at a price of CDN $7.05 per ton (approximately US $5.80) with a transaction fee of 2 percent of the traded value.
GHGx claims to be the world's first …
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