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Carbon-Trading Exchange Opens in Canada

June 2, 2008 11:11 AM | Posted by Patrick Greissing | Topic(s): International Policy/Programs, Carbon Markets

The Montreal Climate Exchange, a joint venture with the Chicago Climate Exchange, has been opened in Canada.  It is Canada's first carbon-trading forum that has the ultimate goal of helping reduce greenhouse gas emissions.  Luc Bertrand, vice-chairman of the board of the Montreal Climate Exchange, said users of the credits will be companies that need to manage "the risk associated to their obligation in reducing emissions."