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ARTICLE · 11 JULY 2007

The Canadian Climate Exchanges – The Future Of Canadian Emissions Trading

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Currently three Canadian exchanges have declared their intentions to enter into the carbon market: the TSX Group, the Montreal Exchange (“MX”) and the Winnipeg Stock Exchange (“WSE”).

CanadaEnvironment

Originally published in Emissions Trading And Climate Change Bulletin, May 2007

Currently three Canadian exchanges have declared their intentions to enter into the carbon market: the TSX Group, the Montreal Exchange ("MX") and the Winnipeg Stock Exchange ("WSE"). All three of the exchanges are waiting on the Canadian government to finalize the proposed federal Clean Air Act ("Bill C-30")1 and to stop waffling on its intentions with respect to meeting its commitments under the Kyoto Protocol including meeting Kyoto Protocol targets, implementing the Large Final Emitters ("LFE") program, introducing a domestic cap and trade system for green house gases ("GHG") and participating in international emission trading markets. The development of carbon exchanges in Canada has been hampered in their development by an uncertain regulatory climate in Canada in the GHG area and the exchanges are currently waiting on enabling federal Canadian legislation in order to begin their operations.

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