Press release 3 February 2010 CLIMATE EXCHANGE PLC Monthly Trading Update for the European Climate Exchange, the Chicago Climate Exchange and the Chicago Climate Futures Exchange Climate Exchange plc summarises the trading volumes for the month of January 2010 for the European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Highlights * 2010 began with strong volumes amid relatively low price volatility. Total volumes reached 416m tonnes, up 45% year-on-year and with an average daily volume of over 20m tonnes * ECX saw its second highest volume month to date in daily futures (spot) with an average of 567,000 tonnes per day with an increasing market share * ECX open interest continues to grow and has reached nearly 600,000 contracts. Phase 3 EUA trading activity is growing rapidly with over 9m tonnes of open positions in the Dec 13 contract, and 450,000 tonnes in the Dec 14 contract. * ICE Futures Europe and ECX welcome their 103rd and 104th Members: Macquarie Bank Limited (also a Clearing Member) and Consus S.A. * CCFE Open Interest increased 45% over January 2009 although aggregate volumes are 16% lower than the same period last year * CCFE saw a record trading month in its Renewable Energy Certificate (RECs) complex with 1,490 contracts traded, including the first trade in its Massachusetts Compliance contracts * CCX volumes continue to be hampered by the stalemate on climate legislation in the U.S. Senate, and in particular, the limited provision of early action credits for corporate reductions and offset projects in current draft legislation * The U.S. submitted GHG reduction targets of 17% below 2005 levels by 2020 to the U.N. in accordance with the Copenhagen Accord. In his State of the Union address, President Obama renewed his commitment to working with the Senate to advance bipartisan support for a comprehensive energy and climate bill Total ECX Products (Contracts*) 2010 2009 Change January 416,423 287,977 45% YTD 416,423 287,977 45% Open Interest 599,948 407,905 47% *1 contract equal to 1,000 EUAs/CERs ECX EUA Futures Contract 2010 2009 Change January 320,398 209,118 53% YTD 320,398 209,118 53% Open Interest 295,992 172,206 71% ECX EUA Options Contract 2010 2009 Change January 31,425 25,551 23% YTD 31,425 25,551 23% Open Interest 107,550 63,727 69% ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009) 2010 2009 Change January 10,060 - - YTD 10,060 - - ECX CER Futures Contract (launched 14 March 2008) 2010 2009 Change January 50,364 44,008 15% YTD 50,364 44,008 15% Open Interest 135,680 111,772 21% ECX CER Options Contract (launched 16 May 2008) 2010 2009 Change January 2,900 9,300 -69% YTD 2,900 9,300 -69% Open Interest 60,726 60,200 1% ECX CER Daily Futures Contract (Spot) (launched 13 March 2009) 2010 2009 Change January 1,276 - - YTD 1,276 - - CCX CFI (Contracts) 2010 2009 Change January 2,870 33,494 -91% YTD 2,870 33,494 -91% CCFE (Contracts) Total CCFE Products 2010 2009 Change January 43,333 51,599 -16% YTD 43,333 51,599 -16% Open Interest 94,082 64,675 45% CCFE SFI and NFI Futures & Options Contracts 2010 2009 Change January 32,893 38,903 -15% YTD 32,893 38,903 -15% Open Interest 55,760 35,893 55% CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US 2010 2009 Change January 8,930 12,331 -28% YTD 8,930 12,331 -28% Open Interest 35,312 20,502 72% Other CCFE Products including IFEX and RECs 2010 2009 Change January 1,510 365 314% YTD 1,510 365 314% Open Interest 3,010 8,280 -64% For breakdown of daily trades, please refer to websites as follows: ECX www.ecx.eu CCX www.chicagoclimateexchange.com CCFE www.ccfe.com Richard Sandor, Executive Chairman of Climate Exchange plc, said: "The continued lack of political progress and the disappointing outcome of Copenhagen has obviously affected market sentiment and CCX volumes. Nonetheless, Washington clearly remains committed to addressing climate change. In his State of the Union address last week, President Obama called on Congress to pass 'a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America.' At the same time regulators and investors are increasingly weighing the risks associated with climate change, as evidenced by last week's SEC vote on disclosures. These factors, combined with the growing regional interest in cap and trade programs in the U.S., bode well for domestic and global carbon markets and Climate Exchange plc's growth potential." Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:"ECX had another month of solid year on year growth. More pleasing is the continued growth of Open Interest to 600,000 contracts. CCX volumes continue to be disappointing and are expected to stay that way until there is political progress. CCFE volumes have been less severely impacted and once again the Open Interest, up 45% year on year, is encouraging." Contact Richard Sandor, Chairman Climate Exchange plc and Chairman & CEO Chicago Climate Exchange 001 312 554 3370 Neil Eckert, CEO Climate Exchange plc 0207 382 7801 Patrick Birley, CEO European Climate Exchange 0207 382 7818 Jonny Franklin-Adams and Simon Law, Fox-Pitt, Kelton Limited 0207 065 2000 Peter Rigby/Alex Parry, Haggie Financial 0207 417 8989/ 07813 808 738 About Climate Exchange plc Climate Exchange plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. Its three main businesses are the European Climate Exchange (ECX) which operates the leading derivatives exchange focused on compliance certificates for the mandatory European Emissions Trading Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but contractually binding cap and trade system for greenhouse gas emissions in the U.S., and the Chicago Climate Futures Exchange (CCFE) the leading U.S. regulated environmental products exchange whosecontracts include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2. www.climateexchange.com About European Climate Exchange The European Climate Exchange (ECX) manages product development and marketing of futures, options and spot contracts based on CO2 EU allowances (EUAs) traded under the EU Emissions Trading Scheme and Certified Emission Reductions (CERs) issued under the Kyoto Protocol. ECX contracts are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading alongside other energy commodities with standardised contracts and clearing guarantees. ECX/ ICE Futures is the most liquid Exchange for carbon derivatives trading. More than 100 businesses have signed up for direct membership to trade ECX products. In addition, several thousand ICE clients can access the market via banks and brokers. www.ecx.eu About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange Chicago Climate Exchange (CCX) is a financial services business whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only contractually binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Greenhouse gas emission reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. Independent third party verification is provided by FINRA. For a full list of CCX members, daily prices and other Exchange information please see the CCX website. The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures contracts on emission allowances and other environmental products. Clearing services are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association, the industry wide, self-regulatory organization for the U.S. futures industry. www.chicagoclimateexchange.com www.ccfe.com This information is provided by RNS The company news service from the London Stock Exchange END
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