
Trading
The NACX currently provides an order matching platform for trading Alberta Offsets generated pursuant to the Specified Gas Emitter Regulation. It will also allow for the trading of Renewable Fuel Compliance Units pursuant to the Federal Renewable Fuels Regulation, as those instruments are available in the market for trading.
Alberta has had an active offset trading market since 2008 which has resulted in millions of tonnes of emission reductions and millions of dollars in offset and emission performance credit transactions. The NACX is expected to enhance the Alberta offset trading market as it streamlines the trading and transaction completion process and provides price and volume transparency to its members. It is anticipated that more than 50% of spot trade transactions in Alberta will occur over the NACX in 2013.