| The GHGx Team believes
that 'a global problem requires a global response.'
It is accepted around the world that
when properly constructed, and with proper oversight,
markets are the best way to economically allocate goods
and services. This has been so for thousands of years.
From ancient times, peoples and countries grew richer
through trade. These riches were not only of a material
nature: material goods, languages, art and culture have
all benefited from trade.
Why should 'trading' greenhouse gases
be any different? Effective global trading of greenhouse
gas credits would mean that new industries in emission
abatement would be created, investment in new scientific
processes would occur, and consulting operations would
assist organizations to reconfigure their operations
to minimize greenhouse gas emissions or purchase the
appropriate credits. But purchase them from where?
To date, emission credit transactions
have been conducted via bilateral transactions. In some
cases, prices are 'posted' on website bulletin boards
only after a trade has taken place. In other situations,
reference bid and ask prices are posted, but there is
no online trading mechanism to facilitate any transaction.
Until now, no system has been available to purchase
and sell credits 'online.’
There
are many complexities in setting up an international
global emissions credit exchange, the most obvious being
jurisdictions and languages. Less apparent–but
critically important–are the technical complexities.
The system must be able to integrate national registries,
handle the custody of credits, conform to ISO process
standardization, be accessible for independent auditing
of various data stores, and use a standard interface
(such as a common web browser), while providing the
security, speed, information and quality of interface
expected of a successful trading platform.
A recent report by David Bucknall
of KWI Consultants & Engineers states:
The market for emissions is truly global, more
so than for any other product in the energy value
chain. The power of the global market must be harnessed
to achieve effective and efficient emission reductions,
sending a clear message to the global community
that the new face of energy trading is an older
and wiser face - that has had the grace to learn
from its mistakes and become a force for positive
change.
In today's online world, organizations
expect to be able to trade via wireless or wired devices
from anywhere to anywhere. That is the nature of the
24/7 Internet. They know that trading can be fast, efficient
and secure for stock and mutual funds so why not for
emission credits?
GHGx provides the first online, real-time,
global trading mechanism available via any standards-based
web browser. Secure encryption is at the core of the
trading exchange and the emissions and custodial registries.
We have no bloated software to install, no hardware
dependencies, and no requirement for IP infrastructure
upgrades.
Clean. Efficient. Effective.
In a recent article, Canadian columnist
David
Crane expressed the opinion that:
We also need promised legislation establishing
a domestic carbon emissions trading system so that
Canada's largest greenhouse gas emitters can buy
and sell carbon emission rights.
The world now has one - GHGx.
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GHGx Corporation - Greenhouse Gas Exchange
Global Emissions Trading for a Brighter Future™
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