The European Energy Exchange AG (EEX) welcomes Deutsche Lufthansa Aktiengesellschaft as a new participant in exchange trading. The company was admitted to trading on the Spot and Derivatives Market for Emission Allowances.
Lufthansa is the first airline to register for trading in emission rights directly on an exchange. From 2012 all airlines flying to and from Europe will be included in trading in EU emission allowances and are, thus, required to cover their carbon dioxide emissions with emission allowances. After the energy utility sector, the European airline industry is the second-biggest industry which is integrated into the EU emissions trading scheme.
Oliver Maibaum, Managing Director Exchange, comments: “As of 2012, the airlines will face major changes. Lufthansa’s admission to exchange trading on EEX shows that thecompany is well prepared for this.“
EEX and Eurex offer their participants a platform for trading in EUA Futures, CER Futures and options on EUA Futures. Within the framework of this co-operation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX through their existing infrastructure and a simplified admission process.