Chicago Exchange’s Closure Drives Another Nail in US Carbon Market

Read the full story at ClimateBiz.

The embryonic US carbon market has received another blow after global exchange operator Intercontinental Exchange Inc (ICE) reportedly confirmed that it is to close the Chicago Climate Futures Exchange early next year.

The Wall Street Journal reported on Friday that ICE had issued a note to traders informing them that the exchange, which was acquired as part of the company’s $600 million acquisition last year of London-based Climate Exchange PLC, will close at the end of the first quarter of 2012.

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