Bluenext to launch carbon indices

Carbon exchange Bluenext plans to launch indices for EUAs and CERs.

Paris-based Bluenext is to team up with UK financial data provider Markit in setting up a range of indices that will track moves in EU allowances and UN backed offset credits, namely certified emission reductions.

Jean-Pierre Hort, deputy CEO of Bluenext, said the tie-up “would provide the financial community with an index family which has the potential to become a global reference for the environmental marketplace”.

The jointly-branded indices would enable the broader market to gain access to a “transparent benchmark,” but many of the specific details have yet to be worked out, said a spokesman for Bluenext.

The new indices will be used for trading and risk management purposes, aiding the development of institutional and retail investment products, the companies said in a joint statement.