BRINGING EU EMISSIONS TRADING SUCCESS TO NY

UK Experts Champion Europe's Carbon Trading Model in New York, June 23-25 at SIFMA Conference
June 19, 2009 (Trayport Limited via PR Newswire)

"Trayport's Elliott Piggott, managing director, and Mark Holt, head of technology, will be in New York June 23-25 to urge US adoption of European advances in carbon trading. They will be delegates to the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference at the New York Hilton.

"Trayport, a key player in global carbon markets, is meeting with media, industry and government to provide the knowledge needed to efficiently reduce air pollution…Trayport, a GFI Group Company, develops and deploys software used by the world's largest trading companies to efficiently trade commodities and other high-profile assets internationally…"

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"Trayport market authorities will recommend ways US policy makers can leverage the European carbon emissions trading experience in light of the Waxman-Markey Climate and Energy Bill and Obama Administration clean air initiatives. They will offer observations on lessons the EU has learned about climate control and carbon cap and trade technology, as well as market efficiency.

"Emission trading in Europe is ahead of North America. Its European Union Emission Trading System (EU ETS) is the largest multi-national emissions trading platform in the world and a pillar of climate policy in the (EU)."

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"Elliott Piggott, Managing Director, will cover technology transfer from Europe to the US, focusing on benefits and knowledge gained in Europe…Mark Holt, Head of Technology, will explain how carbon credits are used to hedge power in Europe and ways the US can leverage the European experience…

"While the US lagged behind the world in formulating carbon emissions policy during the Bush Administration, President Barack Obama has delivered a mandate to establish the US as a world beacon. Moreover, the Waxman-Markey climate and energy bill, or the American Clean Energy and Security Act, ACES, H.R. 2454, that regulates carbon credits and trading is expected to come to a vote in Congress before August."